People
0

Alborz, Isfahan Streamline Public Transport Services

Karaj Mayor Ali Kamalizadeh said the state-backed Omid Entrepreneurship Fund has allocated 500 billion rials ($3.1 million) in low interest loans to overhaul 200 dilapidated buses
Alborz, Isfahan Streamline Public Transport Services
Alborz, Isfahan Streamline Public Transport Services

Public transportation in megacities need to preserve their efficiency. 
To realize this goal, urban managers in Karaj, the provincial center of Alborz, and Isfahan city in Isfahan Province are making efforts to streamline transport services.
Speaking to Borna news website, Karaj Mayor Ali Kamalizadeh said the state-backed Omid Entrepreneurship Fund has allocated 500 billion rials ($3.1 million) in low interest loans to overhaul 200 dilapidated buses.
He added that during a Tuesday meeting with Mohammad Baqer Nobakht, the head of Plan and Budget Organization, it was agreed that participatory bonds will also be allotted to Karaj Municipality to continue the restoration of public transport fleet until a desirable result is delivered. 
Details about the worth of bonds and their allocation timing were not revealed.

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.

Add new comment

Financialtribune.com