Iran to Purchase Russian Locomotives, Railcars for €370Mln

PHOTO by Sergey Venyavsky / RIA Novosti

Iran is currently in discussions for the purchase of Russian locomotives and railcars for over €370 million, a source close to the deal told RNS. Two other sources from the industry confirmed that the deal is currently in the works.

One of the contracts will include a shipment of around 2300 railcars manufactured by RM Rail to Iran. The volume of the deal may exceed €100 million, an unnamed spokesperson stated.

He added that the goods may be imported by Iran’s Railway Transportation, Pers Rail and Chupar.

Deputy General Director of RM Rail Andrey Vodopyanov confirmed to RNS that the company was interested in working with Iran, and that negotiations were taking place, but refused to provide any specifics. “RM Rail is interested in exporting its products to Iran and is currently in talks over possible shipments with a number of potential partners,” he said.

One of the sources cited by RNS claims that Iran is also in negotiations with Russia’s First Locomotive Company about shipments with a total volume of about €270 million. He stated that Mapna Group may be the importer in this deal. Sales Director of the First Locomotive Company Alexander Plyutin told RNS: “We are engaged in many negotiations over various products. We may talk about something more specific in about a month,” he emphasised.

A source close to the consultations over shipments of railcars and locomotives to Iran noted that the deal volumes were not final and still being discussed.