Domestic Economy
0

New Locally-Made, Overhauled Rolling Stock Join Rail Fleet

New Locally-Made, Overhauled Rolling Stock Join Rail Fleet
New Locally-Made, Overhauled Rolling Stock Join Rail Fleet

A total of 88 units of domestically-made and overhauled rolling stock worth 1.44 trillion rials ($8.16 million) joined Iran’ rail fleet on May 19 in a ceremony attended by Roads and Urban Development Minister Mohammad Eslami and the head of Islamic Republic of Iran Railways, Saeed Rasouli.
The number of additions registers a 134% increase compared with the similar period of last year. 
“Overall, 144 locomotives and passenger and cargo wagons worth 2.69 trillion rials [$15.24 million] have been added to the rail fleet since the beginning of the current Iranian year [March 20],” Rasouli was quoted as saying by the news portal of the Ministry of Roads and Urban Development.
The official noted that plans are to produce and overhaul 2,000 units of rolling stock by the end of the current fiscal year (March 2021).

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