Iran may earn $285 million annually via rail transit

Business Materials 6 August 2012 11:12

Azerbaijan, Baku, Aug.6/ Trend F.Milad/

Iran can earn up to 3.5 trillion rials (some $285 million) through transiting goods, if necessary infrastructures are provided, the Ministry of Roads and Urban Development said.

In addition to the income, it can also create 7,300 job opportunities and save 1.5 trillion rials (some $122 million) in fuel consumption annually, IRNA News Agency reported.

Iran will build and commission some 1,000 kilometers length of railroad in the current Iranian year, which ends on March 20, 2013, Deputy Minister of Roads and Urban Development, Ahmad Sadeqi said on Sunday.

Sadeqi added that the total length of the national railroad network will reach around 11,000 kilometers, IRNA News Agency reported.

Sadeqi added that by the next two years the country's all provinces will be connected together through the railroad network.

Iranian Railways managing director Abdolali Saheb-Mohammadi said that the national railroad network of Iran is now linked with Syrian and Turkish networks and is also connected with Turkmenistan via Sarakhs.

Some 3.988 million tons of goods were transited through Iran during the first four months of this year, showing 28 percent rise compared to the same period of last year.

Some 9 percent of the goods were transited via the rail network, IRIB reported.