China to provide Iran with high speed trains
Two Chinese companies have been selected to build a number of railway projects in Iran. The chairman of the city council of Iran's holy city of Qom, Seyed Mohammad Atashzar, announced March 17 that China's Norinco Company has been selected to build monorail and subway projects. At the same time an announcement was made that CITIC will also build a tram project, Iran's Donya-e-Eqtesad newspaper reported on March 18. China's CITIC Company signed a memorandum of understanding with the municipality of Tabriz, the provincial capital of Iran's East Azerbaijan province. Norinco has announced its readiness to sign a $834million (€600 million) deal to implementing a subway and tramway project. Earlier, other Chinese companies had voiced their interest in launching high speed railways between Qom-Tehran and Qom-Isfahan. According to Atashzar, the Chinese company is highly capable to meet the requirements of the project. It has so far built about one thousand su