Taxi Management and Supervision Organization, affiliated to Tehran Municipality, has started paying financial aid to cab drivers for repairs and installation of electronic payment system.
According to Mohammad Roshani, the head of TMSO, drivers can seek loans worth 150 million rials ($535) for Samand and Peugeot 405 taxis, and 200 million rials ($714) loans for passenger vans, IMNA reported.
“Taxi drivers must sign up on the organization's website and complete loan application forms with Bank Ayandeh to receive the funding,” he said.
"The scheme has been well received by Tehran cabbies, as 10,000 applications have been received since the registration period began last week."
Roshani noted that the cab drivers' financial situation is a major impediment to taxi restoration and repair.
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