TODAY.AZ / Business

Iran-Khodro exports 530 buses to Azerbaijan

04 June 2006 [17:43] - TODAY.AZ
A contract for exports of 530 diesel-powered buses to Azerbaijan was signed in Baku Saturday, Iran-Khodro's public relations department reported.

According to IRNA, the contract which is valued at $25 million was signed during the visit of Iran's high-ranking industrial and trade delegation to the country.

Managing Director of Iran-Khodro Diesel Company Majid Sheykhani said the buses are designed both for short and long-hauls.

He said that following the exports of the buses, a feasibility project for construction of a bus assembly line in Azerbaijan will start.

He further expressed optimism that the project will be commissioned by the end of the year (March 21, 2006).

He said the production capacity of the plant will be about 1,000 buses annually.


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