Archive | Transport

Chinese firms help to update Tehran Metro

By John Lee. According to Tehran Times, the Chinese military-affiliated Norinco International won a 93 million euro ($100 million) contract to manufacture 70 subway cars for the Tehran Metro. The cars will be sold to Tehran Wagon Manufacturing Co., a joint venture formed between Norinco, with a 29% stake, together with Tehran’s official subway operator, […]

$3bn needed for Airport Development

By John Lee. The Iranian government is reportedly seeking private investors to fund a $3-billion expansion of the airports at Mehrabad, Imam Khomeini, Tabriz, Mashhad, Isfahan, Kerman and Shiraz. Trade Arabia reports that Iran has already gathered around $2.35 billion in foreign investments through memorandums of understanding, and secured $650 million in firm contracts. Among […]

IRISL seeking London Share Listing

By John Lee. The Islamic Republic of Iran Shipping Lines (IRISL) has reportedly held meetings in London to discuss a possible listing on the London Stock Exchange (LSE). The company was removed from sanctions blacklists last year, and has already placed an order for new ships estimated to be worth $626 million. But according to […]

Iran Air receives its first Airbus A330-200

Iran Air has taken delivery of its first new Airbus A330-200. The delivery of the aircraft is part of Iran Air’s major fleet renewal plan, and is the first wide body from a firm order placed by the national carrier of Iran in December 2016 for 100 Airbus aircraft (46 single aisle and 54 wide-body […]

First Ship from South Korea Next Year: Official

The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) announced that according to a deal to buy 10 giant ships from South Korea, the delivery of the first ship will take place in March 2018. Mohammad Saeedi said the first 14,500 TEU container ship built by South Korea’s Hyundai Heavy Industries Co. […]

India Seeking Rail Link with Iran, Turkey

Indian Railways is considering the possibility of building a transcontinental rail freight service that would connect India with Iran and Turkey, a report said. The ambitious plan is expected to be a real boon to the Asia Pacific region’s people and business, India’s Business Today website reported. It is expected to bring about a major boost […]

Railroad Connecting Iran, Azerbaijan Comes into Operation

A railroad connecting Iran’s northern city of Astara to its namesake in the Azerbaijan Republic was tested and put into operation temporarily. The railroad, which is part of the Rasht-Astara railroad project, became operational concurrent with an official visit of Azeri President Ilham Aliyev to Iran on Sunday. Heading a high-ranking delegation, Aliyev arrived in […]

Iran-Azerbaijan Railroad to Open in Coming Months

Iran’s Minister of Communications and Information Technology Mahmoud Vaezi announced that a railroad connecting Iran’s northern city of Astara to Azerbaijan Republic’s Astara is planned to come into operation in coming months. Various efforts have been made in the current Iranian administration to facilitate and improve the activities of the two countries’ merchants, Vaezi said […]

Iran, Kyrgyzstan to Reduce Rail Transport Tariffs

By John Lee. Iran and Kyrgyzstan have reportedly signed a memorandum of understanding (MOU) on reducing rail transport tariffs between the two countries. The document was signed on Tuesday by Ebrahim Mohammadi, the deputy director of Islamic Republic of Iran Railways (IRIR), and Arman Sultanov, the deputy president of Kyrgyz Railway (KTJ). In December, the two […]

Iran to Purchase 12 Russian Passenger Aircraft

Iran has expressed willingness to buy 12 Russian Sukhoi Superjet 100 (SSJ100) airliners, Russian Energy Minister Alexander Novak said. “Iran is interested in acquiring 12 Sukhoi Superjet 100 planes soon,” Novak told Rossiya 24 broadcaster. The SSJ100 is a twin-engine regional passenger plane made by Russia’s Sukhoi Civil Aircraft Company. The aircraft can transport up […]