0202 GMT September 17, 2019
"Volume of transit by the country’s railway has grown by 61 percent over the past nine months," Deputy Head of the Iranian Railway for Operations Hossein Ashouri said, according to Fars News Agency.
He added that 1.15 million tons of goods were transited via Iran by railway system.
"According to the national vision for the year 2020, railway transit capacity in the country is expected to climb to five million tons,” Ashouri added.
He said that the current transit capacity in the country stands at 50 million tons though much of that remains untouched as a result of the existing obstacles.
Ashouri pointed to the aging fleet as one bottleneck in development of railway industry, and said that a contract has been signed for renovation and modernization of 65,000 vehicles in the country’s road transport fleet.
He further referred to imbalance between supply and demand as yet another major problem faced by the road transport sector which needs to be tackled appropriately.
In a relevant development in July, the Industrial Development and Renovation Organization (IDRO) of Iran and Transmashholding firm, the largest Russian company on the railway machine-building market, signed a contract to manufacture train wagons.
The contract was inked in Tehran in the presence of former Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh and Deputy Foreign Minister Seyed Abbas Araqchi and representatives of Transmashholding company.
Based on an agreement endorsed earlier by the two sides, Tehran and Moscow agreed to cooperate on a project financed by Russia to produce different cargo and passenger wagons.