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27 airport projects to come on stream

Business Materials 14 January 2010 14:24 (UTC +04:00)

Iranian Airports Holding Company declared that 27 airport projects will come on stream in 2 months.

The projects will be implemented at the cost of 275 billion rials (some $27.5 million), the Mehr News Agency reported.

Previously an official with the Iranian Airports Holding Company had stated that three hundred investment opportunities worth over $8 billion in 54 domestic airports have been identified.

"In studies carried out in the past two years we found out that most of the present opportunities existed in the international airports," Rajab Mehrjoui said.

He said that the initial studies to hand over airport projects to the private sector were finished.

About $6 billion worth of the projects are related to Imam Khomeini (AS) airport and $2 billion is related to the other 53 airports, he said.

Mehrjoui said that according to forecasts the aviation industry in Asia would expand, and Iran thanks to its unique geographic location can take advantage of the situation.

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