Iran in talks with Austria over metro wagons
Tehran, Iran, June 11
By Mehdi Sepahvand –- Trend:
Iran is in talks with Austria to buy metro wagons, Minister of Industry, Mine, and Trade Mohammad Reza Nematzadeh announced.
He said that the project is likely to amount to worth 1 billion euros, ISNA news agency reported June 11.
Also, the minister said, Iran and Austria are going to jointly produce a high-energy efficiency car in the course of two years.
He said the Austrian side of the cooperation is ABL company, adding a line of credit for the project has been opened.
Nematzadeh made the remarks in a meeting with a visiting Austrian delegation headed by Minister of Finance Hans Jorg Schelling.
In an meeting with Shelling earlier the day, Iran’s Economy Minister Ali Tayyebnia said the two countries plan to boost their mutual trade from $400 million to $5 billion in three years.