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FinancialNews
04-07-21
Islamic Republic of Iran Railways signs memorandum of understanding
(MENAFN)The Islamic Republic of Iran Railways (known as RAI), and two local entities namely Iran Khodro Company (IKCO) and Farab Industrial Group for equipping a railway line near capital Tehran with signaling systems sign a memorandum of understanding (MOU).
According to IRIB, the MOU was inked by the RAI Head Saeed Rasouli and the managing directors of the stated companies in Tehran.
The consortium included of the stated companies is going to do the design, construction, and financing for the signaling of the Tehran-Garmsar suburban railway in a 24-month period.
The Transport and Urban Development Minister Mohammad Eslami was present at the signing ceremony.
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