51653
Steelmaking Targets Require Rail Transport Development
Steelmaking Targets Require Rail Transport Development

Steelmaking Targets Require Rail Transport Development

Steelmaking Targets Require Rail Transport Development

Iran’s railroad transportation capacity needs to increase fourfold to 88 million tons in about nine years to help fulfill the steelmaking target set in the 20-Year Vision Plan (2005-25), said an executive of Iranian Mines and Mining Industries Development and Renovation Organization–Iran’s biggest holding company in the mining sector. “The national railroad’s development is deeply entwined with the expansion of the mining sector, as minerals made up more than 60% of the 35.6 million-ton cargo transit during the past fiscal year (March 2015-16),” Abbas Ranjbar was also quoted as saying by IMIDRO’s news portal. IMIDRO projections show the railroad system needs to sustain an 11% growth rate in transportation capacity annually for the next decade. Iran aims to become the world’s sixth largest manufacturer of steel and reach the crude steelmaking production capacity of 55 million tons per year by the end of 2025. Despite objections regarding the plan’s feasibility by industry experts, the government remains steadfast in pursuing the goal.

Short URL : https://goo.gl/jfjN0J
  1. https://goo.gl/epImds
  • https://goo.gl/iTe8B3
  • https://goo.gl/AXTvwh
  • https://goo.gl/RnJF1Q
  • https://goo.gl/Cx2ulA

You can also read ...

Swiss Firms Preparing to Quit Iranian  Market Over US Sanctions Risks
Several Swiss newspapers on Sunday reported that Swiss firms...
EU Rushes to Protect Economic Interests in Iran
With a reputation of a slow-working institution that only gets...
Chabahar’s Shahid Beheshti Port: Cheapest Business Option in Region
With new moderated prices for services offered at Chabahar’s...
German Companies Cannot Be  “Totally Shielded” From US Iran Move
The German government will help German firms with business in...
New Report Reveals Banks’ NPL Ratio Gap
A senior member of Majlis Article 90 Commission presented the...
Tehran Startup  Studio Launched
The University of Tehran and the Noor Credit Institution have...
Tehran Stocks Unshaken by US Nuclear Deal Pullout
Iran nuclear deal seems to be on life-support these days, as...
Google Stands to Lose Up to $4.3b in UK Privacy Suit
Google appeared in a UK court on Monday to argue against a...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus