Iran Rail Transit Rises 61%
Economy, Domestic Economy

Iran Rail Transit Rises 61%

About 1.15 million tons of goods have been transited via Iranian railroads since the beginning of the current fiscal year (March 21), registering a 61% upsurge compared with the corresponding period of last year, the director of Islamic Republic of Iran Railways’ Transit Commission said. “The figure is expected to reach 1.6 million by the yearend (March 20, 2018),” Hossein Ashouri was also quoted as saying by Mehr News Agency on Monday. The Sixth Five-Year Development Plan (2017-22) is targeting 5 million tons in annual rail transit. “We are behind schedule. To arrive at this goal, we need to provide the required infrastructure and gain the trust of cargo owners,” he said. Ashouri noted that the current transit capacity in Iran allows for 50 million tons of goods to be transported per year, yet software problems and bureaucratic obstacles prevent the transportation sector from utilizing this capacity. Cargoes transported from southern Iranian ports to Turkey and Central Asia hold the biggest share in Iran’s rail transit. Iran has rail connections with Turkmenistan, Pakistan, Turkey and Iraq.


Short URL : https://goo.gl/2YLDmF
  1. https://goo.gl/WYEFaK
  • https://goo.gl/XvbyqZ
  • https://goo.gl/YcAu9h
  • https://goo.gl/Jx2k3a
  • https://goo.gl/7BbxJG

You can also read ...

Automotive Giants Hit  by Massive Data Breach
Security researcher UpGuard Cyber Risk disclosed Friday that...
Mindful of the risks inherent in starting a trade war with the US, the EU will probably not be able to provide Tehran with extensive support.
If it wants to keep the nuclear deal alive, the EU will need...
Travel Currency Policy Facing Revision
Confirming rumors of an imminent change in the Central Bank of...
Iranian Parliament Firm on Preventing FATF Blacklisting
Majlis Economic Commission, a major force in Iran's Parliament...
Command Economy Taking Biggest Toll on Stocks
Bulls at Tehran stock market are exhausted, as bears keep...
21% Rise in Non-Oil Trade With Afghanistan
Iran traded 1.58 million tons of non-oil commodities worth $...
Secondary Forex Market Rates to Soar
The supply of currency to the Secondary Forex Market will...
No Reverting to Economic Policies of 1980s
One of the wonders in this day and age, in Iran, is the...

Add new comment

Read our comment policy before posting your viewpoints