17022
$25b Needed to Develop Railroads
Economy, Domestic Economy

$25b Needed to Develop Railroads

The national railway sector requires $25 billion in investment to achieve the development goals outlined in the 2025 Vision Plan, minister of road and urban development, Abbas Akhoundi was quoted by IRNA as saying on the sidelines of the 3rd International Exhibition of Rail Transportation in Tehran on Sunday.
Noting that annual investment of about $3 billion is required for development of infrastructure and superstructure as well as buying the necessary equipment, the minister said achieving this level of investment is "not a far-fetched goal" for the government.
In a separate remark, minister of industry, mine and trade, Mohammad-Reza Nematzadeh on Sunday said the national railway system requires at least $7-8 billion investments within the next five years.
He stressed the need to increase domestic manufacturing, noting that the country currently has the capacity to manufacture 5 passenger cars, 3,000 freight cars, and about 50-60 locomotives per year.
"At present, 80 percent of freight cars, 60 percent of inter-city passenger cars and 40 percent of urban passenger cars are manufactured domestically," said the minister.
Plans to develop the national railway's capacity have been on the government's agenda since the new administration, led by President Hassan Rouhani, assumed office in 2013.
The Rail Transport Development Plan, approved by the Economy Council last year, aims to increase the capacity of railroads for freight and passenger transport, in a bid to reduce pollution and increase fuel efficiency.
The plan aims to increase the capacity of railway network for freight and passenger transport from 21.7 billion ton-kilometer (tkm) and 17.4 billion passenger-kilometer (pkm) in 2013 to 75.8 billion tkm and 34.2 billion pkm in 2023 respectively.
The plan also includes establishing 26 new stations and double-tracking, expanding and renovating railroads.

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

You can also read ...

WTO Accession No More a Priority for Iran
Iran says joining World Trade Organization is no more a...
Rouhani Sends Banking Reform Bills to Parliament
Following an approval by the Cabinet and a presidential...
Bill on Construction Quality Inevitable
In order to curb the construction of substandard buildings,...
One factor causing a drop in Chinese steel in Iran is their rising prices.
Chinese steel was everywhere in the world for the good part of...
TSE’s Average P/E at 5.6
The average price to earnings ratio of Tehran Stock Exchange-...
Asadollah Asgaroladi
As one of Iran’s 15 neighboring states, Russia is expected to...
Peugeot’s 301 model is on sale in Turkey for more than three years.
Iran Khodro dealers confirm that the new Peugeot 301 sedan is...
IKCO Launches Taxi Made in China
Iran Khodro has unveiled the DongFeng S30 as part of a push to...

Trending

Googleplus