Donya-e-Eghtesad announces the opening of a 7.1 billion dollar credit line in order to finance the electric train line between Tehran and Mashhad. This contract between Sanaat and Madan (Industry and Mining) Bank of Iran and Exim Bank of China set a record for international cooperation which allowed for the signing of other financial contracts afterwards. Tehran, Mashhad is the busiest rail line in the country and is expected to support 35 million passengers and 10 million tons of cargo annually by 2032. This will make this railway one of the 10 busiest rail lines in the world. By modifying this line to become electric, which is expected to take 48 months, not only will the safety factor increase and pollution decrease, the duration of travel will also reach 4 to 6 hours.
Although one month is left to the Iranian new year, Norouz, which starts on 21. March, many train tickets are already sold out. “Currently from the 1.65 million train-seats available for the Norouz holidays, 300 […]
Football League to pay $53m tax The Iranian Football League Organization released a statement announcing its bank accounts have been frozen due to tax debt. Based on the report from the Tax Organization, The Iranian […]
The Construction and Development of Transportation Infrastructures Company (CDTIC) has announced that the speed of railway track laying has surpassed the speed of supplying the necessary equipment. Confirming that the previous annual record for railway […]