Airport, air navigation projects worth $20b to come on stream

January 4, 2017 - 18:10

TEHRAN- Airport and air navigation projects valued at 700-800 trillion rials (about $17.771 billion-$20.309 billion) are planned to be put into operation in Iran by the end of current Iranian calendar year (March 20, 2017), IRNA quoted Iran Airports and Air Navigation Company Managing Director Rahmatollah Mahabadi as saying on Wednesday.

The official also underlined that the country’s airports sector is now ready for a big jump.

With tourism increasing more than 35% in 2014 and the recent effective lifting of international sanctions, airport activity holds out major economic potential in Iran. With its large population and territory, Iran lends itself to air transport.

MA/MG

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