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EghtesadOnline: Deputy Head of Islamic Republic of Iran Railways Company declared that the agreement for buying and building 6,000 freight wagons would be inked during the 5th International Exhibition of Rail Transportation and Related Industries, Equipment.

'Based on the agreement, 4,900 freight wagons will be built by three local companies with a 100-percent foreign fund plus a 250-million-euro Russian investment,' Babak Ahmadi told reporters on Saturday eveining.

'1,100 wagons will also be imported to Iran,' he added, stressing that no import would be allowed in until the launch of manufacturing line of the three Iranian companies for semi-wagons, IRNA reported.

Noting that the 5th Iran RailExpo will be held on May 15-18 in Tehran, he said that the event would be the world's second largest exhibition during which 160 local and 130 foreign companies from 16 countries, including Italy, Spain, China, France, Germany and Turkey will put their products on display.

Pointing to Iran's need of 8,000 freight wagons plus 4,000 passenger wagons in 1402 (2023) Iran Vision Plan, he said that the country had also to buy 1,000 locomotives by the year.

Iran Railway Iran Freight Wagons