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Iran's Ports, Maritime Organization modifies financial framework of its operatory contracts
(MENAFN) The PMO portal quoted Iran's Ports and Maritime Organization (PMO)'s Deputy Head for Ports and Economic Affairs Farhad Montaser Kouhsari as saying that his organization is arranging to adjust the financial framework of its operatory contracts.
Kouhsari further declared that there is a need to quickly review and inform present contracts to address the latest challenges imposed by sanctions and increasing exchange rates.
He said that “The private sector has been investing in ports in the face of sanctions and the outbreak of the Covid 19 pandemic, and it is therefore necessary to pay serious attention to their problems and issues.”
Kouhsari further declared that there is a need to quickly review and inform present contracts to address the latest challenges imposed by sanctions and increasing exchange rates.
He said that “The private sector has been investing in ports in the face of sanctions and the outbreak of the Covid 19 pandemic, and it is therefore necessary to pay serious attention to their problems and issues.”
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