December 18, 2017 – FRN –
“A contract has been signed between Iran and Russia on the start of production of train cars, 20,000 freight wagons and 1 thousand passenger coaches will be produced within the framework of cooperation between Russian and Iranian companies,” said the Iraniann Minister of Roads and Urban Development, Abbas Akhundi.
According to the minister, immediately after signing the contract, the parties will produce 6 thousand cars.
Iranian media reported earlier that the Russian United Carriage Company had agreed with three Iranian companies on the supply and assembly of rail cars in Iran.
In turn, the head of Roseximbank Andrei Polyakov said that the bank intends to provide 1 billion rubles to finance the project, and connect other major Russian banks, including VTB.
Inessa Sinchougova is an Editor and Journalist at Fort Russ News, as well as a research fellow and translator of the Belgrade based think-tank, the Center for Syncretic Studies. She was educated at Victoria University of Wellington (New Zealand), in the field of Political Science and was previously employed in Marketing and Communications Strategy for a Multi-National Corporation. She runs a popular YouTube channel for translations of key Russian Foreign Policy figures and appears regularly on other alternative media channels. If you like her work, you can support her Patreon here.