Contract signing.

IRAQ: A US$115m contract for Chinese firm Dongfang Electric Corp to supply Iraqi Republic Railways with 10 diesel multiple-units was signed in Baghdad on December 15.

The first two units are scheduled to be delivered within a year. IRR said the 160 km/h trainsets would be modern, sophisticated and built to a high specification.

The national railway is paying 10% of the contract value up front, with the remainder to be paid in instalments as each batch of trains is delivered.