Train business deal with Iran causes confusion

Summary:
The Swiss firm, Stadler Rail, has rejected reports that it signed off on a major infrastructure contract with Iran’s Industrial Development & Renovation Organization for 960 wagons for an underground railway system. The companyexternal link said there is no deal or decision but merely a public tender, according to SRF public radio. The details of the reported deal remain unclear (Keystone) - Click to enlarge Iran’s official news agency reported the deal, worth CHF1.3 billion (.4 billion), was agreed on the sidelines of a meeting between trade delegations from Switzerland and Iran on Wednesday. The Swiss embassy to Tehran, quoting Iran’s news agency, specified that the wagons will be in service from the end

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