88433
Train Fares  Rise 10%
Train Fares  Rise 10%
Saturday, June 23, 2018

Train Fares Rise 10%

Saturday, June 23, 2018

Train Fares Rise 10%

Train fares have risen by 10% as of June 22, a member of the board of directors of the Association of Rail Transportation Companies announced. Alireza Sheikh Taheri was speaking on the sidelines of the Sixth International Exhibition of Rail Transportation and Related Industries and Equipment, also known as ‘RailExpo 2018’. Referring to Consumers and Producers Protection Organization’s opposition to the 20% hike in fare pushed by the Iranian rail transportation companies, Sheikh Taheri added that the last fare increase was in the fiscal 2015-16, IRNA reported. “The hike in train fares was inevitable, given the country’s annual 10% increase in inflation rate and the spiraling costs of rail companies, including the rise in the prices of equipment and wages,” he said. RailExpo 2018 concluded in Tehran on Friday after four days. Some 90 companies from Germany, China, Russia, Latvia, Spain, Turkey, the Czech Republic and Austria participated in the international event.

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.

Short URL : https://goo.gl/r6p45K
06/23/2018
  1. https://goo.gl/Z6D2U8
  • https://goo.gl/P2YT2U
  • https://goo.gl/e4t3bH
  • https://goo.gl/UeN4hT
  • https://goo.gl/AAA9oa

You can also read ...

Currency, Gold at New High in Tehran Market
The foreign exchange market heated up again on Monday to post...
Iranian Ministry of Industries, Mining and Trade has released...
Gov’t to Issue Bonds to Pay Back Loans on Iran Air ATR Planes
The government’s Economic Council last week approved a...
Iran: Summer Sees Highest Inflation on Record
The consumer price index increased from 116.2 to 134.6 or...
Iranian Private Carmaker Increases Prices 55%
Iran’s largest private automaker Modiran Vehicle Manufacturing...
Tehran Stocks Rally, Incline Toward Export Sector
Tehran Stock Exchange set a fresh record high on Monday as...
Iran Steel Exports Rise  27% to Over 4m Tons: ISPA (Mar-Aug, 2018)
A total of 4.13 million tons of finished and semi-finished...
Iranian Banks Lend $16.8 Billion in 5 Months
Banks and credit institutions allocated 2.4 quadrillion rials...

Add new comment

Trending

Googleplus