Off the wire
• Pollution from diesel vehicles worldwide underestimated by 50 percent: study  • No indication of second surge of cyber attacks in UK: official  • Cyprus says no WannaCry cyber-attacks after 1st working day  • U.S. dollar declines against most major currencies  • Oil prices keep rising on production cut optimism  • UNHCR struggling to meet needed funds for refugees in Ethiopia  • 3,000 calls to counter-terrorism police since public anti-terror campaign begins  • Eight Ethiopians charged with leaking information to terrorist groups  • Bank of Cyprus starts selling non-performing loans  • U.S. skeptical of new "de-escalation zones" deal in Syria: senior official  
You are here: 　 Home

Iran woos foreign firms to develop railway projects

Xinhua, May 15, 2017 Adjust font size:

An international railway exhibition kicked off in Iran's capital Tehran on Monday, reported the daily Tehran Times.

Iran's 5th International Rail Transportation Exhibition opened at Tehran's Permanent International Fairgrounds.

The event will host "130 foreign companies and over 160 Iranian exhibitors," Babak Ahmadi, deputy director of the Islamic Republic's Iran Railways was quoted as saying.

Companies from Sweden, Switzerland, Belgium, France, India, Ukraine, Turkey, New Zealand, Italy, Latvia, Spain, Russia, the Czech Republic, China, Germany and Serbia will showcase their latest achievements and products during the four-day event.

Throughout the exhibition, a 250-million-euro deal will be signed with Russia to manufacture 6,000 freight wagons, 4,900 of which will be manufactured in Iran and the rest in Russia, Ahmadi said, adding that "the project is estimated to take three years to complete." Endit