The contract will be signed today in Arak between Pars Wagon Company and Cuba’s EGIT in a ceremony to be attended by Majlis deputies, managing director of Iran Khodro Industrial Group and governor general of Markazi province.

According to Fars News Agency, the Iranian company will build the cars for the Cuban transport fleet. Under the deal, Pars Wagon Company will manufacture 200 passenger and 100 cargo cars in two years.

Iran’s ambassador in Havana earlier acclaimed the trade accords signed between Arak-based company, Pars Wagon and Cuba.

The deal would fetch the country some 200 million euros.

“Pars Wagon Company’s contracts with Cuba in the transportation industry constitute a large percentage of Tehran-Havana trade exchange,“ Mostafa Aalaei told IRNA in August.

Trade exchanges between Iran and Cuba are estimated at 200 million euros, with the major share going to Pars Wagon Co. for building 750 cargo and passenger wagons, Aalaei added.

Iran has undertaken over 60 major economic projects in Cuba in the agriculture, energy, and construction sectors.

Havana has also signed contracts with Tehran to transfer medical technology to Iran.

Pars Wagon Company has also undertaken to construct cars for Tehran subway train. The Arak-based firm has to deliver 11 trains for Tehran metro of which nine has been delivered so far. The trains to Tehran metro would boost its capacity by 25 percent and ease traffic.

Meanwhile, managing director of Tehran Urban and Suburban Railway Operations Company earlier said that 10 new trains will be added to Tehran underground railway network by the end of fall.

According to ISNA, Jafar Rabiei underlined that the new trains will replace those which will undergo repair and maintenance, adding that it would take at least six months to fix some of them.

More than 1.3 million residents of Tehran use the metro daily.