The MOU was signed by the RAI Head Saeed Rasouli and the managing directors of the mentioned companies on Saturday in Tehran, IRIB reported.

Based on the mentioned MOU, the consortium comprised of the said companies will carry out the design, construction, and financing for the signaling of the Tehran-Garmsar suburban railway over a 24-month period.

The signing ceremony was also attended by the Transport and Urban Development Minister Mohammad Eslami.

Speaking at the signing ceremony, Eslami noted that following the implementation of the mentioned project, the signaling of other railway lines in the country will be put on the agenda of the ministry and RAI. Suburban railways near large cities will be the priority for the signaling, Eslami said.

According to the minister, attracting private sector investment for the financing of railway projects, using the maximum capacity of domestic companies in the construction and development of rail transportation technologies, and increasing the share of railways in the country’s transportation are among the goals of the signed MOU.

RAI Head Saeed Rasouli had earlier said that Iran is currently among the top eight countries regarding the technology of railway signaling systems.

“Currently, two advanced railway signaling systems have been created inside the country, which marks Iran as one of the eight advanced countries with this technology,” Rasouli said in the opening ceremony of the 7th International Exhibition of Rail Transportation, Related Industries & Equipment of Iran in June 2019.

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Saeed Rasouli announced the visit of ambassadors and railway officials of some countries from the Jihadi Center of Iran Railway Progress and noted that during the visit, the visitors expressed willing of their countries for cooperation and interaction with Iran in the fields of technology and education.

He also revealed the constructive interactions of Iran with neighboring countries in the field of rail transportation, adding that the country has good cooperation with other countries of the UIC members due to the good position of Iran in the structure of the UIC.

Rasouli noted that visiting diplomats and railway officials of the countries have hailed the Jihadi Center for Iran Railway Progress and they have expressed hope for cooperation and bilateral interactions with Iran.

He also announced that reconstruction of Jolfa-Armenia railroad will pave the way for setting up the Caspian–Black Sea Transit Corridor in the near future.

Rasouli pointed to the recent visit to Armenia made by an Iranian delegation to negotiate cooperation on railways development, noting that the Jolfa railway with the capacity of transiting seven million tons per annum was abandoned before the start of the 2020 Nagorno-Karabakh war between Azerbaijan Republic and Armenia, but following a peace agreement mediated by Iran and Russia between Baku and Yerevan, the railroad is on the verge of restarting work.

The deputy minister of road and urban development added that Rasht-Astara railway is not completed, but the Caspian–Black Sea Transit Corridor has been linked and trains enter Astara terminal from Republic of Azerbaijan .

The completion of the western part of the corridor will connect Iran to the Black Sea in Rusia via Jolfa, Nakhchivan, Armenia, and Georgia, he noted.

Rasouli expressed hope that construction of 1,062 kilometers of the railroad will help transit 130 million tons of commodities per year.

The Islamic Republic of Iran broke a new record last year, when the railway system could transit 50 million tons of goods, the official stipulated, noting that it is expected that the number will increase to 100 million tons per year within five years.

He went on to say that the private sector has succeeded in manufacturing and reconstructing 1,793 freight wagons and locomotives in the last two years.

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