Iran Oil Ministry devise subsidy scheme to lure railway investors
By Trend
Oil Ministry and the Railways of the Islamic Republic of Iran (RAI) have agreed on a scheme to provide those who invest in the country’s railways system with fuel subsidy, an obvious move to develop railway transport.
Nourollah Beiranvand, the deputy for planning and investment at RAI has told Trend that the oil ministry grants 1.3 cents (per ton-kilometer) in subsidy for freight and 0.7 cents (per passenger-kilometer) for carrying passengers, to investors.
The senior official added that under an existing agreement between the RAI and the Oil Ministry, those entrepreneurs who invest in the Iranian railways system are eligible to receive the subsidies.
Saying that those who invest in the Iranian railways will be exempt from paying taxes for ten years, he added that the scheme on granting subsidies will continue until 2023.
Iran is seeking to increase the share of railways in transportation of freight and passengers in the coming years.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!