IFP Exclusive

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.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Iran Judiciary chief orders review of pardon request for 2 detained journalists

The spokesperson for Iran’s Judiciary announced that two detained Iranian journalists, convicted of collaborating with…

8 hours ago

Iran hands death sentences to 3 Israel spies over their role in nuclear scientist assassination

An Iranian court has sentenced three individuals affiliated with Israel to death after they were…

11 hours ago

Iran says to respond to Israel’s assault at appropriate time

Iranian Foreign Minister Seyed Abbas Araghchi has warned that Tehran will give a proper response…

12 hours ago

Judiciary: Jamshid Sharmahd dies before execution of death sentence

A spokesperson for Iran’s Judiciary announced that Jamshid Sharmahd, leader of the “Tondar” terrorist group…

12 hours ago

Israeli PM considers offering millions to Hamas for release of hostages

Israel's Prime Minister Benjamin Netanyahu has proposed offering Hamas “several million dollars” for each Israeli…

12 hours ago

Israel’s army struggling with shortage of soldiers: Report

Israel’s military is facing a critical manpower problem as it runs short of thousands of…

12 hours ago