Veolia now dropped from Tehran transport project because of Israel links

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In another major victory for the boycott, divestment and sanctions, the mayor of Tehran announced that Veolia would no longer have a key role in city's urban transport system. This victory in Iran, along with others France, UK, Sweden, and Holland, has cost Veolia an estimated $7 billion in lost contracts and were key in pushing the company to leave the Jerusalem light rail project.

Veolia and Alstom are both active in Iran. The Tehran Municipality and Veolia had agreed to collaborate on the implementation of some projects concerning the environment and the development of the urban transport system. Alstom has a headquarters in Tehran and received a number of large contracts, including a 192 million euro contract with Iran's state railways in 1999 and a larger 375 million euro contract to supply 50 turbo compressors to Iran in 2002.


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