Tuesday, September 27, 2022

Iran, Switzerland Sign Railway Agreement

The Islamic Republic of Iran Railways Company has signed a memorandum of understanding with Matisa, a Swiss railway firm, for the construction and repair of railway tracks and machines in Iran.

Based on the contract signed on Wednesday, the Swiss company must reconstruct and repair some basic equipment and regulators and provide 21 operational machineries.

The agreement says these 21 machineries will be put out to tender, Tasnim News Agency reports.

This tender is based on Iran’s laws and regulations, and the domestic manufacturers and suppliers are privileged, it further reads.

The Islamic Republic of Iran Railways has also asked the Swiss company to offer a proposal to set up a domestic production site in Iran to increase the maximum chance of procuring the machineries.

The Memorandum of Understanding will be valid for 12 months.

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