Iran adds $500 million for new airplane
"10 new airplanes have joined Iran's air fleet which added a sum of 2,800 seats and reduced the air fleet's age by 1.5 years," Mr. Akhoundi said.
Meantime, the Iranian roads and urban development minister noted that a sum of 48 locomotives and 262 wagons have been added to the country's rail fleet over the past 10 years.
"We are looking for foreign finance for the development of Iran's railway system and domestic finance for road development projects," Mr. Akhoundi said. He also stated that Iran will accomplish extending its railway network fo another 3,000 kilometers by March 20, 2018.
In May, Head of the Civil Aviation Organization of Iran Alireza Jahangirian said that the National Development Fund of Iran has allocated $500 million to purchase new passenger planes, and initial agreement has been obtained for another $500 million to buy aircraft and related spare parts.
He noted that under the country’s 20-Year Vision Plan, which runs until March 2025, the Iranian air transportation industry needs 400 passenger planes, meaning that Iranian airlines should buy 40 aircraft every year. ■