Iran: Alstom Signs Memorandum of Understanding with Iran

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Alstom Signs Memorandum of Understanding with Iran

Alstom have announced that they have signed a Memorandum of Understanding (MoU) with the the Industrial Development & Renovation Organisation of Iran (IDRO) to develop mainline and urban transport and industrial cooperation with the Islamic Republic of Iran.

The agreement was signed in in Paris on 27 January 2016, by Mohammad Reza Nematzadeh, Iranian Minister of Industry, Dr. S Reza Norouzzadeh, Iranian Deputy Minister of Commerce , Mines and Trade and Chairman of IDRO and Henri Poupart-Lafarge, Chairman and CEO of Alstom.

The intention of the MoU is to address Irans requirement for amodernisedmainline and urban rail network. As part of the discussions that will take place as a result of the MoU, the possibility of joint-venture will be explored to undertake infrastructure projects. It is hoped that such a partnership would inform the development of Irans transportation network and improve the country’s economy.

Alstom is well situated to work with Iran, with a workforce of 1,500 employees and 1,400 suppliers in the region, in addition to joint-ventures in Algeria, Morocco and South Africa.

Henri Poupart Lafarge, Chairman and CEO of Alstom said:

Alstom is pleased to renew its collaboration with the Islamic Republic of Iran, which will benefit the countrys economy, modernise its industry and enhance the mobility of its residents. This MoU reflects the strong desire of the Iranian authorities to develop the country’s railway sector and Alstom is looking forward to accompanying Iran in its transformation.