Domestic Economy
0

The Country for Old Trucks

The Country for Old TrucksThe Country for Old Trucks

Mack trucks of 1967 are still rolling on Iranian roads. 
Transport trucks that should have been sent to the scrapyard years ago still fetch an exorbitant price. 
Iran Road Maintenance and Transportation Organization, the body in charge of heavy vehicles used for goods transportation, said an estimated 10,000 heavy-duty vehicles aged 45 years and above were rumbling along Iranian roads by March 2019, though the actual number is believed to be much higher. 
A few years ago, it was announced that once the road fleet overhaul program, the so-called Key-to-Key Scheme, is launched, old trucks won’t be allowed on the roads. But with the decline in production, increase in prices and lack of financial incentives, these clunkers are not only refusing to drive into the sunset, but are also getting costlier.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com