Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Company - Domestic
 Search News  Or
Norinco Int'l inks agreement with Tehran Metro

May. 14, 2012 (China Knowledge) - Norinco International Co Ltd<000065>, a subsidiary of China North Industries Corp, announced that it had inked an agreement with Tehran Urban & Suburban Railway Operation Co on May 9.

The transactionis worth US$1.22 billion or about RMB 7.87 billion, said Norinco International.

According to the agreement, the Chinese contractor will take over the construction of Tehran Metro Line 6 project, including building projects, electromechanical system, installation and testing run.

However, the Tehran Urban & Suburban Railway Operation Co needs to pay atotal of US$ 74.6 million fees comprisingadvance payment, management fee and insurance expenses to Norinco International before the project could take place.

It is not the first time thesetwo companies have worked together, Norinco International has maintained thebusiness relationship with Tehran Metro for three years, sources reported.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved