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October 23, 2020
BUSINESS

Astra Vagoane to build trains and railways in Iraq

An Iraqi delegation made up of several senior ministerial officials signed a  Memorandum in Baghdad on Tuesday, with officials at Romanian Astra train manufacturer, Mediafax, which reproduced an Al-Shorfa quote of Salam al-Quraishi, a government economic adviser. The joint venture specializing in passenger train manufacturing will be based in al-Samawa, southern Iraq. “The company will overhaul the rail infrastructure in Iraq, in co-operation with the Ministry of Transport, in a first stage after being set up. In four years’ time, the construction will begin of a railway network between Basra and Western Iraq, to cross various provinces,” he said. A working team from Romania and Iraq will begin planning technical, financial and legal aspects of the company. “The process should be completed within 30 days at the latest, after which the actual proceedings will begin for setting up the company,” the Iraqi official said.After an early last February meeting between Economy Minister Varujan Vosganian and Astra Vagoane owner Valer Blidar, Vosganian announced the company sent passenger carriages, trams and automotors in Iraq and Turkmenistan, the offer including revamp services and rolling stock repairs.

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