Heavy expenses have prompted RAJA Rail Transportation Company to ground its high-speed trains as of Jan. 5, the CEO of the company said.
Mohammad Rajabi also warned that suburban trains are next in line to stop services, if the government does not lend support.
“We are incapable of operating these trains with the current ticket fares and have communicated our concerns in this regard to the government and the Plan and Budget Organization on many occasions,” Mehr News Agency quoted Rajabi as saying.
RAJA was established in November 1996 as an affiliate of the Islamic Republic of Iran Railways with the aim of improving the quality and scope of railroad passenger services. It was transferred to the Tourism Holding of Social Security Organization (better known by its Persian acronym HEGTA) in March 2010 as part of IRIR’s outstanding debt to the organization.
Iran domestic billet offers reportedly increased last week over the limited supply and increase in demand from the re-rollers. During last week, the billet offers almost reached USD 500/MT.
Iranian Ambassador to Beirut Mohammad Jalal Firouznia, in a meeting with Lebanese Tourism Minister Avedis Guidanian discussed ways to increase bilateral cooperation between the two countries in the field of tourism.
The long-awaited Qazvin-Rasht railroad project was officially inaugurated by the Iranian President Hassan Rouhani on Wednesday in the northern city of Rasht, Gilan Province.
High-ranking Iranian and Russian officials endorsed an agreement to increase cooperation between the two countries in area of road transportation.
Turkish President Recep Tayyip Erdogan said his country is "ready" to set up its own trade mechanism with Iran, allowing companies from the two neighboring countries to continue with their "legitimate" business amid the hostile US sanctions.
A host of knowledge-based construction companies of Iran's private sector will showcase their capabilities, products, and achievements at the 11th Erbil international building construction exhibition in mid-April 2019.