EghtesadOnline: Tehran Municipality has signed an agreement with Omid Entrepreneurship Fund to allocate 12.5 trillion rials ($105 million) in cheap loans for the expansion of public transportation system in the capital.

EghtesadOnline: In an effort to expand the aging public transportation system in the capital, Tehran Bus Company plans to add 117 new minibuses to the fleet in six months.

EghtesadOnline: To improve the rickety public transportation system in Karaj, the capital of Alborz Province, Karaj Municipality has bought 200 new buses from Oghab Afshan Industrial and Manufacturing Company, 30 of which were delivered on Wednesday.