Iran Center of New Rail Transport Route

The newly-proposed corridor is an “economically viable” route for the transportation of 72 million tons of goods shipped from India to Europe and the 25 billion tons carried in the opposite direction every year. Iran, Azerbaijan, Georgia, Ukraine and Poland have planned the transportation of 200,000 tons of cargo by the end of 2017 via […]

Iran 6,500km of railroads

Iran will construct 6,500 kilometers of railroads in five years, announced the head of International Transportation Office at Iranian Railways. Hossein Ashouri told Trend News Agency that the figure also includes underdeveloped projects, while the construction of further 3,500 kilometers of railroads after 2022 is currently under study. He however did not mention the amount […]

Iran Steel Project – Austria Allocates One Billion Euro Credit Line

Austria says it has allocated a credit line of €1 billion for a major steel production project in southern Iran. The announcement was made by the visiting Austrian Finance Minister Hans Jörg Schelling during a visit to Tehran. Schelling was quoted by Iran’s IRNA news agency as telling his Iranian counterpart Ali Tayyebniya that the […]

Switzerland to build Iran’s largest solar power plant

Swiss investors will construct Iran’s largest solar power plant in the northeast of the country, announced the managing director of North Khorasan Power Distribution Company. Alireza Sabouri added that the construction of a 300-MW solar power plant will begin within four months, reported. The Renewable Energy Organization of Iran (SUNA) and a group of […]

Int’l business firm to invest € 22 billion on Iran road projects

“The bank facilities, expected to be paid in the form of finance agreements, will go to the projects conceived by the Ministry of Roads and Urban Development,” said Mohammad Taqi Norouzi, VNS Representative on Monday during a meeting with provincial financial and economic officials in this north-western Iranian province. “The company, based on the finance […]

Iran Medical Equipment Exports Up 18%

Iran exported $17 million worth of medical devices during the fiscal 2016-17, registering an 18% increase year-on-year, an official with Iran Trade Promotion Organization said. Mohammad Reza Modoudi also said Europe is the biggest market for Iranian medical devices, Mehr News Agency reported. “Currently, Iran has some 500 medical device production units, producing over 800 […]

Mobile Internet Usage in Iran Grows 42%

The rate of mobile Internet usage has grown 42% over four years, with the latest data putting the number at 33 million subscribers at the end of the previous fiscal that ended in March, an increase of 3.9 million. Until 2013, only 0.8% of people (about 600,000) used Internet mobile services, prior to the introduction […]

PGPIC, European Firm Partner in Petchem Project

Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) and a European company have partnered to build a major petrochemical project in Iran, PGPIC said. PGPIC managing director Adel Nejad Salim said the company has struck a €3b agreement with the European company to build a petrochemical facility in Assalouyeh, Iran’s energy hub located in the southern […]