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Iran's rail travel decreases in last six months

Transport Materials 12 October 2020 13:34 (UTC +04:00)
Iran's rail travel decreases in last six months

TEHRAN, Iran, Oct. 12

Trend:

The CEO of the Islamic Republic of Iran Railways (RAI) announced an 80 percent decrease in rail travel in the first 6 months of the current Iranian year (started on March 20).

"Due to the “unpredictability” of the coronavirus, it is not clear how long the drop in rail passengers will continue,” the CEO of the Islamic Republic of Iran Railways (RAI) Saeed Rasouli said, Trend reports citing IRNA.

He added that following the outbreak of the Coronavirus, three types of damage occurred simultaneously, first of all, the refund demands for Nowruz (Iranian New Year holiday) tickets that had been pre-purchased before Nowruz.

"The second was the sharp decline in travel demand, followed by a significant reduction in their income, and the third was the lockdown measure due to the spread of the global pandemic,” he added.

"Accordingly, about 1.2 million tickets that were purchased before the announcement of the outbreak of coronavirus, worth approximately $25 million, were returned to the people by railway companies without deducting cancellation fees,” said Rasouli.

The CEO of RAI went on to say that the reduction in passengers has led to a reduction in revenue by over $333 million.

Referring to the latest situation of allocating coronavirus-related loans to transportation companies he says that $225 million were allocated to the railway sector and 62 companies applied to receive the loans, of which seven companies have succeeded in receiving loans so far.

Rasouli noted that, out of these 7 companies, 2 companies are transportation companies and the other 5 are companies in the passenger services sector.

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