7641
Railway Development
Economy, Domestic Economy

Railway Development

Railway development is quite costly and over $27 billion in infrastructure investment is required to transfer 20 percent of freight and passenger traffic from road to rail by 2025, Abbas Akhundi, minister of roads and urban development, said. “About 400 of the 2,000 existing old passenger cars should be discarded and replaced by 2,400 new ones,” he said. “Each new passenger car costs 40 billion rials ($1.4 million at official exchange rate) and renovating the old passenger cars requires between 80 ($2.9 billion) and 100 trillion rials ($3.6 million).”

 

Short URL : http://goo.gl/i72wtE

You can also read ...

CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
Sanctions, Banking Troubles Facing Iranians in Hong Kong
Banking for companies that do business with Iran–as well as...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Sesame Oil, Products Imported From  6 Countries
More than 1.38 million tons of sesame oil and products worth $...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...

Trending

Googleplus