Tehran Municipality plans to renovate 15,000 decrepit taxis in the current fiscal year (ending March 2022) in coordination with the Plan and Budget Organization.
According to Manaf Hashemi, Tehran Municipality’s deputy for traffic and transportation affairs, PBO has allocated 200 billion rials ($870,000) to the plan, Tejarat News reported.
Based on the plan, drivers of old taxis will be given low-interest loans totaling 900 million rials [$3,900], he added.
The endeavor is a rehashed version of the government's taxi renovation program, which was proposed four years ago in collaboration with Iran Taxi Union, local banks and automakers.
Hashemi said over 40,000 extremely old cabs, forming almost half of the fleet, are ready to head for the junkyard.
May 22, 2021 18:29
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Rehashed Plan to Renovate Old Cabs
Experts believe such renovation plans cannot succeed unless domestic car prices decline because most taxi drivers cannot afford them
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