Iran Inks Deal with Siemens for 150 Locomotives

TEHRAN (FNA)- Managing Director of Iran Railways Company Hassan Ziari said his country has signed a USD 450 million deal with German electronic giant Siemens to build 150 locomotives, adding that Siemens has vowed to deliver the first train to Iran’s fleet within the next 30 months.

Ziari said that as part of Iran’s 10 year railway plan, some 600 locomotives, 200 passenger and 2,000 cargo wagons are required to meet Iran’s needs.

Siemens AG is Europe’s largest engineering conglomerate. It is a conglomerate of 6 major business divisions, automation and control, power, transportation, medical, information and communication and lighting.