Swiss Firm Denies Major Infrastructure Deal with Iran

TEHRAN (Tasnim) – Switzerland's Stadler Rail denied reports that it signed a $1.4 billion infrastructure contract with Iran for 960 wagons for an underground railway system.

Swiss Firm Denies Major Infrastructure Deal with Iran

In a statement on Friday, Stadler Rail said there was no deal or decision between Tehran and Bern but merely a public tender, Swissinfo website reported.

This is while the Swiss embassy in Tehran had said on Wednesday that Stadler would put the wagons in service from the end of 2020 in the Iranian capital and its western suburb of Karaj.

“On the margin of the First Iranian-Swiss Economic Commission meeting in Tehran, a major infrastructure deal was signed. By the end of 2020, Iranians will enjoy Swiss metro trains,” the embassy tweeted.

On Wednesday, Swiss Ambassador to Iran Markus Leitner and Iran’s Deputy Minister Industry, Mine and Trade attended a signing ceremony between Stadler Rail and the Industrial Development and Renovation Organization of Iran (IDRO).

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