TEHRAN- Ukraine’s Azovobschemash Company, the flagship company of Ukrainian heavy engineering Azovmash Group, sold 3,000 wagons worth $100 million to Iran, the Ukrainian Embassy in Iran reported.

As Tasnim news agency cited Ukraine’s Embassy, “Since the total need of Iranian state-owned companies such as Pars Wagon exceeds 35,000 wagons, gondola cars and tank wagons, this would be Azovobschemash’s first cargo to the Islamic Republic and the total potential of the Ukrainian company’s cooperation with Iranian enterprises is over €1 billion.”

In early August, Ukrainian Ambassador to Iran Serhiy Burdyliak said two other Ukrainian companies, Azovmash and Kriukov Car Building Works (KCBW), are holding talks with Iran on creation of joint ventures to work in the Islamic Republic. On July 13, Ukraine’s Ministry of Infrastructure signed a memorandum of understanding with Iran’s Transport Ministry, accordingly.

The Islamic Republic has reportedly asked Ukraine to build 1,000 kilometers of railroad tracks in its mainland and also to participate in modernization projects of railway infrastructure and those for development of other forms of transportation in Iran, worth $10 billion.

HJ/MA