Siemens to help Iran improve railway infrastructure

Business Materials 7 January 2016 11:32 (UTC +04:00)

Baku, Azerbaijan, Jan. 7

By Umid Niayesh - Trend:

German's Siemens company is ready to help Iran to improve its infrastructure sector, Yashar Azad, a spokesman with Siemens told Trend Jan. 7.

He made the remarks while responding to a question about the cooperation document was signed between the parties Jan. 6.

Iranian media outlets reported Jan. 6 that the country's Railways and Siemens have signed a memorandum of understanding (MoU) for cooperation in various fields.

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 cars, as well as updating railway systems of the Islamic Republic, according to Iranian media outlets.

Under the agreement Siemens will also take steps to transfer technology to Iran via selecting Iranian partners.

"After the sanctions are lifted, Siemens and Iran will discuss possibilities of improving the country's infrastructure sector, in particular in railways sector. Both parties have agreed to this," Azad said.

Azad further underlined that any agreement will only take effect after lifting of all international sanctions, without giving further details about the signed document.