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Private sector invests $297 million in Iranian ports

Business Materials 22 June 2014 14:25 (UTC +04:00)

Tehran, Iran, Jun. 22

By Milad Fashtami - Trend:

Iran's private sector invested around 9.5 trillion rials (some $297 million) in development projects of the country's ports in the first three months of the current Iranian calendar year (March 21 - June 21).

Head of Iran's Ports and Maritime Organization, Mohammad Saeednejad said that the figure is expected to reach 20 trillion rials by the end of the current calendar year (March 20, 2015), Iran's ISNA news agency reported on June 22.

"The private sector has invested 25 trillion rials in Iran's ports in the past decade," he said, adding that the amount of investments has tripled over the years.

"Iran's Ports and Maritime Organization also invested 35 trillion rials in the country's ports in the past ten years," Saeednejad said.

"We do our best to complete the second terminal of Shahid Rajaee port by the year-end," he said.

He went on to add that the organization also plans to start the construction of the third terminal of Shahid Rajaee port.

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