Industry   Roads & Terminals   Public Transportation  

Transportation fleet in urgent need of modernization

Iranian transport and urban development minister said on Monday that the modernization of the country’s transportation fleet should continue in the form of a smart movement and bureaucratic processes should be minimized in this regard.

Speaking at the ministry’s fifth transport and logistics council meeting, Mohammad Eslami said: “the transport ministry has fulfilled all its commitments regarding the completion of a comprehensive transport system.”

Chaired by the Minister of Transport and Urban Development, the meeting was held with the aim of discussing major issues in the ministry, including the condition of transport and fuel management headquarters, the progress of the country’s comprehensive transport system, maritime logistics and smart ports, as well as weather forecasts for future disaster management.

In the meeting, Eslami noted that as having smart systems and smart management are necessities in today’s society, specific development indicators must be extracted in this regard.

“The Transport, Housing, and Urban Development Research Center should also consider development drivers while moving away from traditional approaches in its futures research on transportation subjects,” he stressed.

Elsewhere in the gathering, Eslami approved the country’s maritime logistics and ports report.

Back in September 2019, the Iranian deputy transport minister said the National Development Fund (NDF) of Iran has allocated $1.6 billion for renovating the country’s transportation fleet.

“Upon President Rouhani's directive, National Development Fund will soon provide nearly $1.6 billion to renovate the transportation fleet,” Shahram Adamnejad said in a gathering of the country’s professional transport organizations.

In the past two decades, Iran’s transportation infrastructure has gone through a major transformation and every year the country is advancing more in this area.

News No: 8394
Date: 2020/02/04 - 18:41
News Source: Tehran Times

National Development Fund  Urban Development Research  Transportation fleet 


Leave a Comment:


Iran expects to sell 1m bpd of oil at $50 next year

Head of Iran’s Planning and Budget Organization (PBO) said the oil revenues in budget bill for the next Iranian calendar year (starts on March 20, 2020) are estimated on the expectations of selling one million barrels per day (bpd) of oil at an average price of $50, ISNA reported.

Energy, labor ministries team up for $4.5b job creation plans

The Ministry of Energy and the Ministry of Cooperatives, Labor, and Social Welfare have signed a memorandum of understanding (MOU) for implementing projects worth 192.81 trillion rials (about $4.59 billion) aimed to create 23,600 job opportunities across the country.

Iran draws over $1.25bn from NDF to create jobs

Iranian government has drawn over $1.25 billion from the country’s sovereign wealth fund for the sole purpose of creating jobs as the government struggles to diversify the economy to cope with sanctions imposed by the United States.

$1.6b allocated for modernizing transportation fleet

Iranian deputy transport minister said National Development Fund (NDF) of Iran has allocated $1.6 billion for renovating the country’s transportation fleet, IRIB reported on Tuesday.

Maskan to Tap Capital, Leasing Markets

Employing the potentials of the capital market and leasing facilities will be two of the new approaches of Bank Maskan, the agent bank of the housing sector, in the next fiscal year (starting March 21) to finance the ailing sector as it struggles to come out of the stagnating waters.

President Rouhani highlights development, sustainability of export markets

President Hassan Rouhani has stressed the need for efforts to develop export markets and boost their sustainability by bolstering trust in Iranian-made products.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners