EghtesadOnline: The western flank of Line 2 of the urban subway system in the shrine city of Mashhad in the northeastern Khorasan Razavi Province was launched late last week to further expand the already operating public transportation network.
EghtesadOnline: Tehran City Council has ratified the issuance of participatory bonds worth 300 trillion rials ($2.4 billion) by the municipality to finance the expansion of the capital’s subway network.
EghtesadOnline: Topographic studies have been started to link the capital’s satellite city of Pardis to Tehran’s subway network, the governor of Pardis said.
EghtesadOnline: Tehran Municipality is using revenues from traffic schemes for financing the capital’s subway network expansion.
EghtesadOnline: To develop Tehran’s subway network, a multilateral contract has been signed to involve domestic knowledge-based companies in the production of rolling stock.
EghtesadOnline: The completion of lines 6 and 7 of Tehran’s subway network will cost 67 trillion rials ($478 million), CEO of Tehran Urban and Suburban Railway Company says.
EghtesadOnline: Among the costly urban projects underway in the capital, the subway network, which is already seen as a white elephant, seems to have an insatiable appetite for funds.