Office Address
Unit 8, No.178, Boostan 11 St., NW Chitgar LK, Tehran-14959-16859-Iran
Phone Number
Tel:+98 (21) 46125529
Fax:+98 (21) 46125683
Email Address
office@balkeen.com
Unit 8, No.178, Boostan 11 St., NW Chitgar LK, Tehran-14959-16859-Iran
Tel:+98 (21) 46125529
Fax:+98 (21) 46125683
office@balkeen.com
China plans to invest in Iran’s subway development plans as per the 25-year cooperation deal recently signed between the two countries.
Tehran Mayor Pirouz Hanachi said China is to help Iran expand its public transportation network in 10 cities, including Tehran, Mashhad, Isfahan, Tabriz and Shiraz, by providing subway wagons, ISNA reported.
Hanachi said China’s financial and technical assistance for boosting subway construction by selling train cars and related equipment has a long history.
“However, the new current cooperation agreement entails investments on a wider scale,” he added.
China and Iran, both subject to US sanctions, signed the cooperation agreement in late March to strengthen their longstanding economic and political alliance.
“Relations between the two countries have now reached the level of strategic partnership and China seeks to comprehensively improve relations with Iran,” Chinese Foreign Minister Wang Yi told the local media.