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26-01-21
Iran renovates intercity passenger car fleet
(MENAFN)Iran’s Transport and Urban Development Ministry, in cooperation with domestic firm Supplying Automotive Parts Company (SAPCO) has initiating a program for modernizing the country's intercity passenger car fleet.
The first phase of the stated plan was started on Monday in a ceremony attended by senior officials including Transport Minister Mohammad Eslami, Head of Iran Road Maintenance and Transportation Organization (RMTO) Abdolhashem Hassan-Nia, and the Head of Iran’s top automaker Iran Khodro Company (IKCO) Farshad Moqimi.
In the first phase of the stated program, SAPCO, a major subsidiary of IKCO, will mend 3,000 intercity passenger cars and hand them over to the owners by late August.
Over 800 million rials (about USD 19. 000) of bank facilities with an interest rate of four percent will be supplied to the owners of old cars in order for them to purchase the new cars.
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