BAKU, Azerbaijan, August 23
By Elnur Baghishov – Trend:
About 135.4 trillion rials (about $3.22 billion) investment of private sector has been attracted to Iranian ports over the past seven years (since the current government came to power in Iran in August 2013), Deputy Minister of Roads and Urban Development and Chairman of the Iranian Ports and Maritime Organization (PMO) Mohammad Rastad said, Trend reports citing PMO.
According to the deputy minister, prior to that, private sector investment worth 22.7 trillion rials (about $541 million) was attracted to Iranian ports.
The chairman added that over 7 years, the private sector has provided funding for 331 projects. Most of these projects have been implemented.
"Thus, equipment was purchased, the facilities were built and the production centers were established in Iranian ports," he said.
Rastad stressed that steel and mining materials terminal is being built in the Shahid Rajaee port with an investment of 50 trillion rials (about $1.19 billion) by private sector.
"It is planned to export 55 million tons of steel products a year through this terminal in 2026," he said.