• Samba 65 00% 56.65%
    Joga2002 635.254 50% 63.63%
    Bra52 69 23.145% -63.25%
    Joga2002 635.254 50% 63.63%
  • HangSang20 370 400% -20%
    NasDaq4 33 00% 36%
    S&P5002 60 50% 10%
    HangSang20 370 400% -20%
    Dow17 56.23 41.89% -2.635%

EghtesadOnline: Iranian rolling stock manufacturer Wagon Pars will be making 20 passenger wagons for RAJA Railway Transportation Company as per the contract signed by the two companies on Wednesday.

The manufacture of the wagons will begin in May, Financial Tribune quoted Wagon Pars CEO Mohammad Reza Mokhtari as saying.

"If we are duly provided with the financial resources, all 20 passenger wagons will be completed and delivered to RAJA by the end of the next Iranian year [March 20, 2022],” the official was quoted as saying by the news portal of the Ministry of Roads and Urban Development on Sunday. 

He added that the price for each passenger wagon manufactured by Wagon Parse is 75 billion rials (€517,241). 

In other words, the total value of the wagons to be constructed as part of the agreement will stand at €10.34 million. 

“Wagon Pars has built a total of 411 cargo and passenger wagons since the beginning of the current Iranian year on March 21, 2019,” IRNA quoted Mokhtari as saying earlier.

“This figure is unprecedented over the past 10 years, as our 10-year average production stood at less than 300 wagons per year.”

He added that the company aims to build 500 wagons by the fiscal yearend (March 19).

Mohammad Rajabi, CEO of RAJA Railway Transportation Company, said it’s not the first time Raja has placed orders with Wagon Pars, and in view of the high quality of their products, contracts have been renewed.

“Wagon Pars is also renovating 55 rolling stock of 30 years or above. So far, five of them have been completed and delivered to us,” he said. 

Wagon Pars, launched in 1974 in the city of Arak in Markazi Province, is a subsidiary of the Industrial Development and Renovation Organization of Iran and the largest manufacturer of freight, passenger and subway wagons in the Middle East. 

RAJA was established in November 1996 as an affiliate of the Islamic Republic of Iran Railways with the aim of improving the quality and scope of railroad passenger services. It was transferred to the Tourism Holding of Social Security Organization (known by its Persian acronym HEGTA) in March 2010, as part of IRIR’s outstanding debt to the organization.


Iran Wagon Pars rolling stock Passenger Wagons RAJA