Alstom, a leader in power generation and rail infrastructure, has signed a MoU with the Iranian government for the development of mainline and urban transport in the country.

The agreement with Iran's Industrial Development & Renovation Organization (Idro) is in line with applicable laws and regulations, in the field of mainline and urban transport, said a statement from the French company.

The pact is aimed at initiating discussions for an industrial co-operation as well as train production and maintenance in Iran to better address the country’s needs for mainline and urban transportation, it stated.

“Alstom is pleased to renew its collaboration with the Islamic Republic of Iran, which will benefit the country’s economy, modernise its industry and enhance the mobility of its residents," stated its chairman and chief executive Henri Poupart-Lafarge after signing the deal with Dr S Reza Norouzzadeh, the Iranian Deputy Minister of Commerce, Mines and Trade and chairman of Idro in the presence of Mohammad Reza Nematzadeh, Iranian Minister of Industry.

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, he noted.

Poupart-Lafarge pointed out that Alstom was also looking at setting up a joint-venture to execute these projects in Iran.

"This partnership would participate in the development of the country’s infrastructure and urban and national public transportation, and contribute to the redynamisation of the local economy," he added.-TradeArabia News Service