Iran: The national operator RAI has signed memoranda of understanding with two companies that would provide funds for purchases.
The first partner is One Holding. The financial and industrial company will allocate more than 60 trn tomans ($606.2 mln) for 300 cars for diesel trains, 50 freight locomotives and 600 tank cars. Previously One Holding has signed a contract with Derakhshan Iron & Steel for the same number of tank cars. The partner in the second memorandum is Pars Ofogh Hashtgerd, which is expected to allocate 3 trn tomans ($30.3 mln) for 650 bulk wagons.
According to Mr. Nurollah Beiranvand, RAI’s deputy head for planning and economic affairs, the operator expects to invest $4.9 bln in rolling stock. Meanwhile, Jabarali Zakeri, head of RAI, stresses that the country will need 950 locomotives, 300 passenger coaches and 3,000 freight cars in the medium term.
