Iran Registers 54% Growth in Private Port Investments

Iran Registers 54% Growth in Private Port Investments

The private sector has signed investment contracts worth 54,982 billion rials ($407 million) with Ports and Maritime Organization of Iran for the development of Iranian ports during the 10 months to Jan. 20, according to a PMO official.

Hossein Sadeqinejad has also been quoted as saying by the news outlet of the Ministry of Roads and Urban Development that the investment volume shows a 54% growth on a year-on-year basis.

“These investments will be allocated for constructing and operating a wharf, building a mechanized rail terminal for the transport of minerals and a mechanized granary, creating transportation routes for petroleum products, improving technical services, setting up factories in the ports of Chabahar, Shahid Rajaee and Imam Khomeini” he said.

Last Updated (Monday, 03 February 2020 08:38)