Swiss firm denies $1.4 billion rail deal with Iran Sat Mar 3, 2018 07:50AM

3/3/2018 12:00:00 PM

Tehran (KNA) - The Swiss firm Stadler Rail has denied reports that it signed a $1.4 billion contract to build 960 subway wagons for Iran.

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.

Source: Press TV

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