China To Export 50 Trains To Iran

April 24, 2006
China has agreed to supply Iran with 50 passenger trains over the next two years in a deal worth nearly US$60 million, state press said April 24. China's state-run Changchun Track Passenger Train Co. will supply the double-decker trains as well as ...

China has agreed to supply Iran with 50 passenger trains over the next two years in a deal worth nearly US$60 million, state press said April 24. China's state-run Changchun Track Passenger Train Co. will supply the double-decker trains as well as provide spare parts, tools and technical services, according to the official Xinhua news agency.

China would also provide the Iranian side with a loan covering 85% of the purchase price. The trains will be delivered to Iran within the next 28 months.

The transport deal comes amid pressure from the U.S. for China to support a United Nations resolution that could lead to financial and trade sanctions against Iran over its nuclear program. China has repeatedly voiced opposition to imposing sanctions against Iran. The two nations have strong trade ties, particularly in the energy sector.

Copyright Agence France-Presse, 2006

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