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News ID: 47807
Iran » Iran
Publish Date: 10:15 - 08 September 2020
Tuesday, 08 September 2020_Iranian authorities say investment has been flowing into the country’s ports despite the spread of the coronavirus pandemic which has resulted in lower activity in trade hubs.

Iran’s quarterly investment in ports tops $715 mln despite lower activityThe official IRNA news agency said in a Sunday report that  total private investment attracted to various development projects in Iranian ports had exceeded 161 trillion rials (over $700 million) in the quarter ending June 20.

It said the investment was on top of 3.5 trillion rials (nearly $15 million) of funds provided by the Iranian administrative government to spur growth in ports south and north of the country.

The report said the investments over the period had come despite the general decline in activity in ports because of the pandemic and measures taken by the government to curb the virus.

Major equipment and machinery have been installed in Iranian ports, including new cranes and grain suction machines in ports north of Iran that are viewed as less developed compared to peers on the southern coast.

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