Tehran, Iran, June 19
By Kamyar Eghbalnejad, A. Shirazi - Trend:
A contract for selling securities at Tehran Stock Exchange was signed in the Iranian capital on Tuesday whereby stockholders could finance a locomotive manufacturing project, a report said.
The Islamic Republic of Iran Railways (IRIR), Alborz Niroo Railroad Company and Maskan Investment Bank inked a contract on June 19 by means of which people could invest in stocks and fund a locomotive manufacturing project, according to the Trend news agency’s correspondent in Tehran.
The document was signed on the sidelines of the 6th International Exhibition of Rail Transportation and Related Industries & Equipment underway in Tehran.
The entire finance for the project will be absorbed from the capital market.
This is the first time that the Islamic Republic of Iran Railways is taking the risk and cooperating with the private sector and Securities and Exchange Organization (SEO) to finance its projects.
The International rail exhibition is organized by the support of Ministry of Roads & Urban Development, Ministry of Industry, Mine & Trade.
It kicked off today and will go on until June 22.
The 6th international Exhibition of Transportation and Rail Industry (Iran Rail Expo 2018) displays passenger rail industry and services in urban, suburban and freight sectors, different types of wagons, propulsion, maneuver, and generator wagons, electric and diesel locomotives, spare parts for buses, freight cars, transport companies, rail companies providing after-sales services, maintenance services, and insurance services.
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