Alstom Company of France voiced readiness to help Iran develop its railway system through investments worth 1.2 billion euros for manufacturing wagon cars, the company’s representative in Iran Vincent Douret said. “The cooperation contract is to be signed by the Industrial Development and Renovation Organization (IDRO), Trans Russ Company and France’s Alstom to manufacture passenger […]
“The cooperation contract is to be signed by the Industrial Development and Renovation Organization (IDRO), Trans Russ Company and France’s Alstom to manufacture passenger wagons, metro carriages and spare parts in Arak Pars Wagon complex,” Douret said in a meeting with Governor General of Markazi Province Mahmoud Zamani Qomi in the Central city of Arak on Monday.
Aral Pars Wagon Company was founded in 1975 and is the largest manufacturer of locomotive, cargo and passenger wagons and metro carriages in the Middle East.
In relevant remarks in late July, former Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh announced Paris has concluded a contract with Tehran to develop Iran’s railway system.
“The agreement was signed to make contribution to investment, technology transfer, production and export, and the maximum use of domestic capabilities,” Nematzadeh said.
He said that it is estimated that 1,000 train cars will be manufactured with the participation of French Alstom company and with regard to their main share in this agreement.
“We also desired to export the cars in addition to supplying domestic needs,” Nematzadeh said.
The Iranian minister said that the joint agreement to manufacture suburban and regional metro trains was signed between IDRO, Alstom, and Iranian Rail Industries Development Co (IRICO) with shares 20, 60, and 20 percent shares in the agreement, respectively.
Alstom, a French multinational company, operating worldwide in rail transport markets, is active in the fields of passenger transportation, signaling and locomotives, with products, including suburban, regional and metro trains.
