Iran discloses amount of investments made by private sector in ports
BAKU, Azerbaijan, Feb. 27
By Elnur Baghishov - Trend:
Private companies invested approximately 60 trillion rials (approximately $1.4 billion) in 10 projects related to the Iranian ports so far this Iranian year (beginning on March 21, 2019), Deputy Chairman of Iran’s Ports and Maritime Organization Farhad Monteser Kuhsari said.
“Such investments are of great importance for the organization,” Kuhsari added, Trend reports referring to the organization’s website.
“The contracts on 231 projects worth 160 billion rials (about $3.8 million) were signed last Iranian year (from March 21, 2018 through March 21, 2019),” the deputy chairman said. “This shows that the private sector is interested in investing in big projects.”
“Some 138 million tons of goods have been shipped in Iranian ports so far this year,” the deputy chairman added. “This shows a two percent increase compared to the same period of last Iranian year.”
“Some 31 million tons of products were imported, which is an increase by 23 percent,” Kuhsari said. “Some 48 million tons of non-oil products were exported, which is an increase by two percent.”
Kuhsari called a 20-percent-increase in Iran's export of oil products during the period of the US sanctions against Iran as an important step.
The US imposed sanctions on Iran in November 2018. The sanctions had a great negative impact on Iran's oil export.