Iranian roads minister briefs on plans to build new freeways

Business Materials 10 March 2018 16:16 (UTC +04:00)

Tehran, Iran, March 10

By Kamyar Eghbalnejad – Trend:

Iranian Minister of Roads and Urban Development Abbas Akhoundi has said that the country needs to increase the length of the country’s freeways to 10,000 kilometers over the next eight years.

Putting the current length of the freeways of the country at 2,400 kilometers, he added that about 4,000 kilometer-long of freeways must be constructed by 2021.

The minister added that his organization inked deals for the construction of 1,013 kilometer-long of freeways over the last fiscal year (starting March 20).

In addition to the deals signed on Saturday to construct 440 kilometers of freeways across the country, he added that the officials are negotiating deals to ink 800 kilometers long of freeways.

The minister further touched upon the capability of the sector to create new job opportunities and said more than 17,000 workers are now involved in the construction of 1113 kilometer long of highways in the country.

Speaking about the significant role of private sector in the construction of roads in the county, he said that the government budget for the next fiscal year has envisaged allocating 5 trillion tomans (about $1.4 billion) to his ministry. However, the value of contracts for the construction of freeways in the country is more than 11 trillion tomans ($3.1 billion).

Construction and Development of Transportation Infrastructures Company of Iran concluded a deal worth of $714.2 million with the representatives of the private sector of the country to construct 439 kilometer-long of freeways on Saturday.