Economy, Domestic Economy
0

No to Old Trains

No to Old TrainsNo to Old Trains

The Rouhani administration has no plans to continue the purchase of used wagons from China, Mohsen Pooraghai, the general director of the Islamic Republic of Iran Railways told ILNA on Sunday. It is not plausible for the administration to cancel the signed agreements inherited from the former government, but it is practical to continue the deals under new modified conditions and restrictions, with specific regard to the used wagons’ age limit, he said. “The majority of freight trains, operating in the domestic rail transport system, are more than 45 years old; therefore, importing new wagons from European countries seems more reasonable than buying them from China,” he added. As previously announced, Iran is set to buy 1,000 freight cars from Ukraine through an 80-million-euro credit line provided by the National Development Fund of Iran.

Financialtribune.com