4410
$15m Flood Compensation
Economy, Business And Markets

$15m Flood Compensation

A sum of $15.3 million, the largest insurance claim in Iran’s history, has been given to Tehran Metro Company in damages for a flash flood two years ago, Mahmood Amrollahi, the CEO of Iran Insurance company told IRNA on Monday. On 15 April 2012, following heavy rainfall in Tehran, a break in the channel wall of Kan River led to flooding in the Tehran subway tunnels. Consequently, line 4 of the metro went out of operation for about two weeks. The flood went on for 30 hours with three stations inundated and damage caused to four trains and 28 wagons. It is estimated that approximately one million cubic meters of water and debris washed into the metro tunnels.

 

Short URL : http://goo.gl/lZTAIW

You can also read ...

European Gov’ts Exploring Financial Channels for Iran
The French, British and German governments have told Iran they...
EU to Protect Firms in Iran Following US Refusal to Grant Waivers
EU countries on Monday gave European firms legal cover to...
$312m Paid in Travel Currency in 3 Months
A total of $312 million were allocated by the Central Bank of...
Biggest Privatization Bid of the Year Set for July 31
Iranian Privatization Organization is scheduled to stage the...
Cuba Rolling  Out Mobile Internet Services
Cuba has started providing Internet on the mobile phones of...
Tehran Hosting International Biology Olympiad
Gifted students from 70 countries across the world have...
Iran, Ghana Sign Capital Market Deal
Capital market authorities from Iran and Ghana signed a...
IMIDRO Outlines Q1 Downstream, Upstream Steel Performance
A total of 11.22 million tons of iron ore concentrate was...

Trending

Googleplus