|Iran plans to boost annual shipment capacity to 200 million tons||
TEHRAN – Iran plans to boost shipment capacity at its ports to 200 million tons per year from 185 million tons today, the managing director of the Ports and Maritime Organization of Iran stated.
Iran’s private sector will invest 20 trillion rials (about $625 million) $625m in the country’s port development projects, IRNA quoted PMO Managing Director Mohammad Saeidnejad as saying on Tuesday.
PMO will sign contracts with the private sector by the end of the current Iranian calendar year (March 2015), he added.
Over the past 10 years, 250 trillion rials (about $780 million) has been invested in port development projects, he added.
Iran has plans to develop multipurpose ports and build passenger terminals and wharfs across the country.
Substantial investment has been made in Iranian ports, with approximately $3.2 billion reportedly allocated to about 150 projects, Press TV reported.
According to the report, at least half of the capital has been sourced from the private sector, and the funds is being used for a full range of projects, including dredging, berth construction, yard modernization, and the purchase of new handling equipment.
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