Tehran, Iran, Dec.28
Trend:
Iran's private sector is to invest $119 million in Amirabad Port Special Economic Zone by the end of Iranian New Year (March 20, 2019), as a step to develop its transportation route, and to connect with International North–South Transport Corridor.
The private sector had invested $142 million in Amirabad port during the past nine months, the head of Amirabad Port Special Economic Zone Siyavash Rezvani said, Trend reports citing IRNA.
"It is predicted by the end of the year $119 million more would be invested in the economic zone," he said.
Speaking about the Amirabad port, Rezvani said the port was completed 17 years ago, for $450 million, with public sector investing $165 million and private sector - $284 million.
"Iran has become interested in developing country's northern ports for a long time, and the idea has resurfaced due to coastal improvement at other Caspian Sea states including Turkmenistan, Kazakhstan, Azerbaijan and Russia," said Rezvani.
He went on to add that Amirabad, being one of Iran's biggest ports, is attractive for investors.
"The priority is to develop the transportation in the port," said Rezvani. "The port has around 25 kilometers worth of rail, and it should expand, to develop transit and exports."