Domestic Economy

Rolling Stock Units Worth Over $29m Join Rail Fleet

Rolling Stock Units Worth Over $29m Join Rail Fleet
Rolling Stock Units Worth Over $29m Join Rail Fleet

A total of 319 new or renovated rolling stock units worth 9.46 trillion rials (29.7 million) joined the domestic rail fleet on July 4, during a ceremony attended by Minister of Roads and Urban Development Rostam Qasemi and CEO of the Islamic Republic of Iran Railways Miad Salehi.
The added fleet included 305 new freight wagons, six overhauled passenger wagons and one overhauled locomotive, IRNA reported.
The new fleet were produced or renovated by Markazi Province’s Wagon Pars Company and Derakhshan Steel Company, Isfahan’s Kowsar Wagon Company, Abhar’s Iranian Rail Industries Development Corporation, Green Plour Industrial Group, Novin Sanat Raja Company and Karaj Locomotive Renovation Company.   
Investors in the project were Tejarat Kushesh Sepahan Company, Tuka Rail Company, Mobarakeh Steel Company, MAPNA Multimodal Transportation Company, Parto Bar Farabar Persian Gulf Company, Ehya Rail Iranian Company Sina Rail Pars Company, Parsian Rail Sharq Company, Sepehr Zaveh Toos Company, Sepahran Rail Rasa Company, Raja Railway Transport Company and IRIR. 
During the ceremony, Salehi said rail transportation of essential goods in the country soared by 150% during the first three months of the current Iranian year (March 21-June 21).
Also known as necessity goods, essential goods are products consumers will buy, regardless of changes in income levels. These include wheat, rice, vegetable oils, sugar and soymeal.

Add new comment

Read our comment policy before posting your viewpoints