IDRO commissioned to finance and purchase 2000 railroad cars
The Iranian Interior Ministry has commissioned IDRO to finance and purchase 2000 railroad cars through an international tender for financing purposes. Mr. Mofidi, IDRO deputy for transportation industry development, made the remarks, saying that the tender allows for €2-billion foreign finance and all technical, economic, financial, and other dimensions, including installments, have been approved by the Economy Council. Reminding that the Economy Council has missioned IDRO to handle the project, Mr. Mofidi said the decision has been motivated by centralizing supply and forming production chains in the country’s industrial sector.The plan has highlighted investment, foreign finance, maximum use of domestic potentialities, and technological ownership, according to the IDRO official. Also, under the plan, IDRO will guarantee the railroad cars, offers aftersales services, provides periodical trainings, all for two decades. The cars will be purchased in five years and distributed among nine metropolises of the country.