Tehran to End Initial $7 Billion Metro Expansion by March


By Ladane Nasseri  http://www.bloomberg.com/

Tehran will complete the first phase of a $7 billion expansion of its metro system by March 2015 as it aims to lift daily passenger capacity to as much as 8 million from 3 million, an Iranian official said.

The need to expand public transport in Tehran, a city that has grown fivefold since 1960 to almost 9 million today, has been hindered in part by economic sanctions related to Iran’s nuclear program, which have curbed foreign investment and new technology.

Yet the city is on course to complete the $1 billion extension of one of its five existing metro lines by March, Mohammad Montazeri, deputy managing director of the Tehran Urban and Suburban Railway Co., said in an interview in Dubai this week. More info