Iran, India ink MoU on rail cooperation | business | Hindustan Times
Today in New Delhi, India
May 30, 2017-Tuesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Iran, India ink MoU on rail cooperation

Apart from the rail cooperation, they will also promote a joint effort to increase cooperation with International Union of Railways.

business Updated: Apr 15, 2008 10:57 IST

In an effort to boost bilateral ties, India and Iran have inked an MoU for cooperation in the field of railways and start work on the India-Iran-Russia railway line.

The agreement apart from initiating the work on the proposed rail line involving India, Iran and Russia will also 'promote a joint effort to increase cooperation with International Union of Railways', a media report said on Tuesday.

Iran also sought India's partnership and cooperation for a new track which will connect the Free Trade Zone of south eastern Chabahar and the city of Fahrej situated in central part of the country, Tehran Times said, adding the agreement will incorporate investment plans for the track.

Iran is also keen to cooperate with Indian Railways in its port connectivity plan and will accept the offer after examining the financial viability of the proposed projects in Iran, it said.

The MoU was signed by Indian Railway Board Chairman K C Jena and Hassan Ziari, the managing director of Iran's Railway Company on Sunday.

It seems to be a good opportunity for Iran to work with India which is an independent country in producing equipments and tools necessary for building locomotives, Ziari said.

A team of Indian experts will travel to Iran in mid May to discuss the agreements, he added.

The agreement also deals with issues of technical training of the personnel, railroad signaling projects, supplying locomotives and spare parts, as well as setting up a joint working group between the two countries.