Baku, Azerbaijan, Jan. 9
By Umid Niayesh - Trend:
Iranian Railways and German company Siemens signed Jan. 6 a memorandum of understanding (MoU) for cooperation in various fields.
The document was signed on the sidelines of a meeting between Mohsen Pour Seyed Aghaei, managing director of Iranian Railways, and Siemens trade delegation in Tehran, Iran's Mehr news agency reported.
Based on the agreement the parties will cooperate in electrification project of Tehran-Mashhad railroad, construction of Tehran-Isfahan high-speed railway, providing and maintenance of 500 passenger train coaches, as well as updating railway systems of the Islamic Republic.
Under the agreement Siemens will also take steps to transfer technology to Iran via selecting Iranian partners.