UANI

"May 15, China North Industries Corporation (NORINCO) signed the formal contract of Tehran Subway Line 4 Project with Tehran Railway Company. The total amount of this contract is 836 million US dollars. It was China's biggest international project contract to date... The international competitive bidding of the Line 4 Project of Tehran Subway began in September 2002. NORINCO, on the strength of the good reputation and experience gained from building the first Tehran subway, Line 5, from 1996 to 1999, beat many large international contractors." (Press Release from Company Website)