Press TV- China�s CRRC Nanjing Puzhen Rail Transport on Wednesday signed a contract with Iran�s IDRO Group to supply 450 metro cars for the Iranian cities of Ahvaz, Tabriz and Shiraz.


The company, a subsidiary of China�s railway giant CRRC Corps, undertook to provide funds up to 85% of the project as well as parts for assembly at Iranian train manufacturing company Wagon Pars, IDRO Managing Director Mansour Moazzami said.

�In order to make maximum use of domestic capabilities in the field of rolling stock manufacturing, the contracting party was required to cooperate with the Wagon Pars company of Arak,� he said.

�Hence, the production and supply of wagons needed compatible with world-class technology will be carried out for the first time at Wagon Pars in partnership with a foreign company with an investment of 25 million euros,� Moazzami added.

Last week, the Swiss firm Stadler Rail was reported to have signed a $1.4 billion contract to build 960 subway wagons for Iran.

The Swiss embassy in Tehran said Stadler would put the wagons in service from the end of 2020 in the Iranian capital and its western suburb of Karaj.

However, news and information platform Swissinfo said on Friday the company had denied the report, saying that there was no deal or decision but merely a public tender.