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FinancialNews


  • 05-12-20

    Iran plans to expand country's railway network

    (MENAFN)Iran"s transportation infrastructure has experienced a main transformation, and the country is improving more in this region, each year, in the past two decades.

    At this time, more than 80 percent of the country"s infrastructures are cemented and the government is preparing on increasing and developing the country"s railway network in particular in border areas since the country has many near countries with which it has close trade relations.

    From this perspective, the budget owed to the Transport and Urban Development Ministry is improved every year to sustain the growth of the said sector at a fast speed.

    In the government administrations outline of the national budget bill for 2021in the Iranian calendar that begins on March 21, 2021, 140 trillion rials (about USD3.3 billion) has been submitted to be owed to the Transport and Urban Development Ministry and its joined organizations and companies, about 12 percent more than the allocation in this year.

    MENAFN05122020000045011369ID1101237372

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