Deal Worth $51m for Expanding Tehran Public Transport Fleet

A deal backed by the government worth 10 trillion rials ($51 million) has been signed by Tehran Municipality and Iran Khodro (IKCO) to add 230 buses and minibuses to the capital city’s public transportation fleet.
During a Saturday visit to IKCO’s bus production line, Tehran Mayor Pirouz Hanachi and IKCO’s CEO Farshad Moqimi signed the deal on delivering 110 buses and 130 minibuses to the municipality, the automaker’s news website Ikcopress.ikco.ir reported.
The automaker is committed to start delivering the vehicles within a month.
A memorandum of understanding was also signed by the two sides on the production of 800 more vehicles by the end of the current Iranian year (March 2021). This initiative is to be financed jointly by the government and TM.