Iranian official: 19 projects to be launched with private sector investments

Business Materials 19 December 2018 20:48 (UTC +04:00)

Baku, Azerbaijan, Dec. 19

By Elnur Baghishov - Trend:

As many as 19 projects will be launched with the private sector investments worth 18 trillion rials (about $428 million), Managing Director of Iran’s Ports and Maritime Organization Mohammad Rastad told reporters on the sidelines of the 3rd edition of Iran's Logistics, Transportation, and Related Industries Exhibition (IRAN TRANS EXPO 2018), Trend reports via Fars News Agency.

Investigations on improving the Second Phase of the Chabahar Port have been completed, he said.

He said that the private sector has so far invested 12 trillion rials (about $285 million) in Iran’s trade ports.

“Important projects to be commissioned include projects totaling 18 trillion rials that were signed for construction of plants and port facilities with investments worth 2.57 trillion rials (about $61 million) in the Shahid Rajaee port, 6.57 trillion rials (about $156 million) in the Imam Khomeini Port, 3,35 trillion rials (about $79 million) in the Port of Anzali, 1.9 trillion rials (about $45 million) in the Port of Bushehr, 3.09 trillion rials (about $73 million) in the Chabahar Port, 900 billion rials (about $21 million) in Port of Amirabad,” he noted.

He added that construction of a mining materials terminal with investments worth 50 trillion rials at the Chabahar Port is at the final stage. This project is being implemented by the private sector, he said. The project will help increase the export potential of mining materials, he noted.

From the beginning of this Iranian year (started on March 21, 2018), 3.3 million tons of non-oil products were transhipped, which is 15.3 percent less compared to the same period of last Iranian year, Rastad said.

“After the sanctions were imposed, there were restrictions for Iran’s vessels to sail through the waters of some countries,” he said. “But in several countries, there are no restrictions. US sanctions list includes the names and serial number of most Iranian ships. This is contrary to the maritime law. Iran voiced its protest regarding this issue to the International Maritime Organization.”

The development of the Chabahar Port is the country's strategic policy. Iranian ports are not on the list of sanctions, Rastad said.

The first phase of the Chabahar Port was launched with infrastructure worth $364 million, equipment worth $403 million and a contract value worth $85 million and its capacity reached 8.5 million tons, he said.

Four phases of the port are expected to be carried out during five years. The analysis of Phase 2 has almost been completed. The corresponding work is underway, Rastad said.