TEHRAN - Iran and Russia signed a memorandum of understanding (MOU) on cooperation in air, sea, rail and road transportation, IRNA reported.
The MOU was signed on Tuesday by Alexey Tsydenov, the deputy minister of
transport of the Russian Federation, and Mehrdad Taqizadeh, the Iranian deputy
transport minister, on the sidelines of the eighth Iran-Russia Joint
Transportation Committee meeting in Tehran.
During the event, Tsydenov said the two sides agreed to build a joint factory to produce high quality rails to be used in the joint projects within three months.
The parties also expressed their readiness to take necessary measures to expedite the signing of the contract for signaling Garmsar-Incheh Borun railway in Iran.
Elsewhere in his remarks, Taqizadeh presented Qazvin-Rasht-Astara railway project's profile and the Russian side agreed to provide financing and execution conditions within two months.
Russian Railways has participated in some of Iran's infrastructure projects before, among which signaling of the railway line Tabriz-Azarshahr in 2012 could be mentioned.
Russian Railways to open office in Tehran
Meanwhile, Russian Railways announced on Tuesday that the company is going to open its Tehran office as a state transportation and infrastructure managing firm in near future.
According to the announcement, the company has appointed a representative and the registration procedures are underway.
The office will be in charge of future joint projects including signaling of the Garmsar-Incheh Borun railway line and Qazvin-Rasht-Astara railway.
The company has also signed a trilateral agreement with the railway companies of Iran and Azerbaijan aiming to promote cooperation in various fields.
JSC Russian Railways, as one of the three largest transport companies in the world, is a vertically integrated company, both managing infrastructure and operating freight and passenger train services.
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