South Korea to finance the construction of 450 rail bus wagons which are to be constructed by Hyundai Rotem and Iranian IRICO. The contract, which was signed on Monday, is valued at 700 million euros. Abrar-e-Eghtesadi writes, Iran has signed another contract with South Korea to purchase 150 other wagons, the first 50 of which are underway. The Minister of Roads and Urbanization has said that the manufacture of 450 wagons will take 6.5 years. This project is expected to provide direct employment for 1000 people and indirect employment for 1700 people. Based on numbers from the Islamic Republic Iran Railways, by the end of 2013, 25 million people were transported via railway and Iran plans to increase its rail capacity to 160 passengers by 2025.
Norouz calls for sweets: Egg price rises Every March, approaching the Iranian New Year, Norouz, the increase in demand for eggs by confectionaries causes an increase in the price of eggs across the country. This […]
Water shortages have caused worry for companies in the Bourse. Almost half of the companies in the Bourse are located in the center of the country which is faced with severe water shortages. During the […]