Tuesday, 02 January 2024 12:17 GMT

Iran announces USD800M investment plant for airport development


(MENAFN) The head of Iran Airports Company (IAC), Reza Nakhjavani, announced that 200 investment projects, valued at 400 trillion rials (approximately USD800 million), have been outlined for the country's airports and are now open for interested investors. Speaking at a press conference on Tuesday, Nakhjavani detailed that a comprehensive roadmap has been developed to guide the expansion and improvement of Iran's airport infrastructure, as reported by an Iranian news agency.

Specifically addressing plans for Mehrabad Airport, which serves as the hub for domestic flights, Nakhjavani noted significant proposals within the Seventh National Development Plan. One notable proposal aimed to transfer the maximum number of flights from Mehrabad to Imam Khomeini Airport. However, this proposal was decisively rejected by 95 percent of parliament members.

Nakhjavani highlighted that the initial studies for Mehrabad Airport's development, which covers an area of 120,000 square meters, have been completed. The estimated budget for this project is set at 300 trillion rials (around USD600 million). Importantly, Nakhjavani assured that this budget will be sourced from the IAC's internal resources, eliminating the need for government funding.

The IAC chief emphasized that the country's airports are currently in favorable conditions. He reassured that even with an increase in domestic flights, the airports would be capable of providing optimal services to passengers.

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