Private sector invests $2B into Iran's Ports and Maritime Organization
Tehran, Iran, Jan.31
Iran's Supreme Audit Court has recently submitted budget implementation report for year 2016-2017 to the country's parliament.
According to the report, the largest deviation of the planned budget was related to the Iran's Port and Maritime Organization.
“Ports and Maritime Organization plays a major role in international activities in the field of services to foreign and domestic vessels and if the services of this organization are not standard, naturally, the country will face losses,” Hadi Haghshenas, Deputy Chairman of Iran's Ports and Maritime Organization (IMO), told Trend.
“If a foreign ship approaches Iranian ports for unloading and loading of goods, if the ship is not being unloaded at that time, then the demurrage or the delayed cost of discharging the ship to foreigners should be paid. For this purpose, the parliament approved a law two years ago to expedite the evacuation of ships in order to enable the ports organization to streamline its financial process to provide better services to foreigners and domestic vessels,” he said.
"The private sector has invested some $2 billion into IMO, and according to the official report, more than 80 percent of the goals have been reached,” said Haghshenas.
“Some deviations have been occurred due to the lack of timely selection of the contractors or exchange rate fluctuations,” he admitted.
"This year, we began the construction of Phase 3 of Shahid Rajaee port,” he said. “Given the exchange rate fluctuations and construction costs, the deviations of the planned budget is inevitable."
The deputy director of the Ports Organization said that in various projects, unplanned incidents or some political shocks, such as the US sanctions, should be taken into account, while the contractors cannot surely fulfill their obligations in such conditions.