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$105m for Expanding Tehran Public Transport

Based on the agreement between Tehran Municipality and Omid Entrepreneurship Fund, 12.5 trillion rials ($105 million) are to be loaned as cheap loans for the expansion of public transportation system in the capital
$105m for Expanding Tehran Public Transport$105m for Expanding Tehran Public Transport

Tehran Municipality has signed an agreement with Omid Entrepreneurship Fund to allocate 12.5 trillion rials ($105 million) in cheap loans for the expansion of public transportation system in the capital.
The agreement was signed on Tuesday between Asghar Nourollah-Zadeh, OEF’s director, and Mohsen Pourseyyed-Aqaei, the managing director of TM's Transportation and Traffic Organization, Dolat.ir reported.
Diverse solutions for overhauling the aging and inefficient public transportation fleet, including the repair and replacement of dilapidated taxis, minibuses, buses and passenger vans, were discussed at the meeting.
Replacing smog-inducing motorcycles with electric bikes, promoting biking facilities, providing vehicles with pollution absorbents and high quality catalysts converters, and upgrading air quality monitoring equipment and devices were also on the meeting’s agenda.

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