Iran government owes over $4B to military-based general contractor

Business Materials 15 February 2016 19:45 (UTC +04:00)

Tehran, Iran, Feb. 15

By Mehdi Sepahvand - Trend:

Iran's government owes about 130 trillion rials ($4.3 billion) to Khatam ul-Anbiya Construction Base for the oil, gas, industry and mining projects it has carried out so far, says Ebadollah Abdollahi, the commander of the construction company.

Khatam ul-Anbiya is an Iranian general contractor affiliated to the Islamic Revolution Guards Corps (IRGC). Created in 1988, the engineering company has carried out many governmental mega-projects across the country.

One of the well-known projects Khatam ul-Anbiya accomplished was the development of South Pars phases 15 and 16.

Commenting on the projects underway, Abdollahi said Khatam ul-Anbiya is currently conducting a contract for a high-speed rail from Isfahan to Qom, Tehran and then Mashhad, Fars news agency reported Feb. 15.

"We have completed the [laying of] foundation and [construction of] bridges from Isfahan to Qom. They are different from those made for ordinary trains," he explained.

Abdollahi said that despite the efforts to import equipment from China, the company accomplished the section of the rail by relying on domestic resources.

He also said Khatam ul-Anbiya has 150,000 workers, 2,500 of which are IRGC staffers.

"As for equipment, we have 12,000 to 13,000 special machinery units. We count, for example, a drilling rig as one unit," he said.

"The company is also working on projects to deliver water to 13 provinces. The project for taking water to Qom Province was defined for a period of five years. But we accomplished it in 1.5 years," he noted.