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23-04-20
Iran: some 11 new development projects with over USD1.4 billion of investment
(MENAFN) As said by head of Iran"s Ports and Maritime Organization (PMO), some 11 new development projects with more than USD1.4 billion of investment are recently ongoing in the Iranian ports.
"Last year, despite the difficult economic conditions, 11 private investment projects valued at 59 trillion rials began in Iran's ports under BOT (build-operate-transfer) contracts", according to Mohammad Rastad.
Following the PMO plans for the development of Iran's ports, last year 12 development projects value about USD214 million were completed in cooperation with the private sector, said Mohammad Rastad.
His organization has also allocated about USD500 million of its internal resources to such development projects in the recent year, as he added.
MENAFN2304202000450000ID1100071117
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