Infrastructure Co. to Add 590 Km Railroads by March
The Construction and Development of Transportation Infrastructures Company will lay out 591 kilometers of rail by the end of the current Iranian year (March 2017), says the company's deputy head, Jabbar Ali Zakeri.
“We predict that the figure will reach 932 kilometers in the first half of next year,” the official was quoted as saying by Mehr News Agency.
Iran’s sixth five-year development plan (2016-21) specifically stresses the need to develop domestic rail transport.
Based on the plan, 1,500 km of railroads should be laid out. Furthermore, the existing railroads should be electrified and double-tracked. The five-year development plans are medium-term roadmaps designed by the government to help achieve sustainable growth by outlining strategies in its budget planning for the next five years.
Meanwhile, the Vision Plan (2005-25) stipulates that the number of passengers using rail transport should increase from the current 25 million to 65 million per year.
source: Financial Tribune
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
