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News number: 8803161353

19:09 | 2009-06-06

Economy

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Iran to Build Wagons for Vietnam

TEHRAN (FNA)- An Iranian private company undertook on Saturday to manufacture 200 passenger wagons for Vietnam railway organization.



Based on the agreement signed by Arak's Wagon Pars Company Managing Director Gholamreza Razzazi and Deputy Head of Vietnam's Railway Company Nguyen Minh Dao in Iran's central city of Arak, the Iranian company will also produce railway equipments for Hanoi.

Speaking to reporters on the sidelines of the ceremony, Razzazi said that the 80-million-Euro deal is one of the company's biggest overseas projects and will be finalized within the next two months.

Commenting on the details of the agreement, he reiterated that some sections of wagon production will be carried out inside the country, and the rest will be carried out at the company's wagon-building site in Vietnam, which is to be established within the next two years.

Razzazi also added that transfer of technology, training and putting a joint emblem of the two companies on the products are among the other items of the deal.