TEHRAN- Industrial Development and Renovation Organization of Iran (IDRO) signed a cooperation MOU with Russia’s largest company in the railway machine-building market, Transmashholding, on Monday, IRNA reported.

An Iranian delegation, led by IRDO Chairman Mansour Moazzami, finalized an MOU on manufacturing rail wagons with Transmashholding in Moscow.

According to the MOU, the two sides will cooperate on wagon manufacturing in Iran by Russian finance.

The MOU includes manufacturing both passenger and cargo wagons.

HJ/MA