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Iran welcomes joint wagon production with Kazakhstan

Business Materials 8 February 2017 13:25 (UTC +04:00)

Baku, Azerbaijan, Feb. 8

By Fatih Karimov – Trend:

The Islamic Republic of Iran Railways (IRIR) welcomes joint production of railway wagons by Iranian and Kazakh firms, Saeed Mohammadzadeh, Iran’s deputy minister of Roads and Urban Development, said.

Mohammadzadeh, who heads the IRIR, made the remarks during a meeting with the President of Kazakhstan railways company (Kazakhstan Temir Zholy) Kanat Alpysbayev in Tehran, Roads and Urban Development ministry of Iran reported.

Mohammadzadeh said that the Iranian railroad fleet needs at least 28,000 freight and 3,000 passenger wagons.

During the meeting, the two parties discussed the issues of further strengthening of relations between the railway administrations of Kazakhstan and Iran for development of transit-transport potential of the two countries.

Alpysbayev said that the volume of goods transport between Iran and Kazakhstan increased by 16 percent in 2016 to 2.2 million tons.

He expressed hope that the figure would reach 3.3 million tons in 2017.

Iran’s transport sector has remained underdeveloped due to mismanagement as well as international sanctions.

A May 2016 report said the major Iranian wagon maker Pars Wagon was operating at 25 percent of its full capacity because of scanty liquidity with railway companies and too few orders from customers.

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