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Iranian ports’ handling capacity to increase by 2.5 mln tons

Business Materials 20 August 2012 11:40 (UTC +04:00)

Azerbaijan, Baku, Aug.20/ Trend F.Milad/

Astara commercial port, located in Iran's northern Gilan Province, is ready to be inaugurated, managing director of the Ports and Maritime Organization of Iran said.

After opening of Astara port, handling capacity of the country's ports will increase by 2.5 million tons, Ataollah Sadr added, Moj News Agency reported.

Iran has 14 ports in general, four of which, including Astara port are located on the Caspian shore.

The port has been built as a joint venture by the state-run and the private sector, he noted.

Some 250 billion rials (around $20.4 million) has so far been invested in the project, he said, adding that it aims to enhance commercial transactions with the Caspian Sea states.

The Iranian shipping company and KAVEH company signed a contract in 2009 to build a new port on the Caspian Sea in the town of Astara (bordering Azerbaijan).

Contract period is 40 years. Construction of the port should be completed in 5-6 years. KAVEH leased the port of Astara for 40 years to turn the fishing port in the trade.

The Astara port will be commissioned within the "government week" in Iran, from August 23 to 28.
The first stage the port will be dealing with transportation and loading of goods.

The "government week" in Iran is marked each year, since 1981, when Iran's president Mohammad Ali Rajai, Prime Minister Mohammad Javad Bahonar and a lot of other officials were assassinated due to a bomb explosion in Tehran.

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