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Iran to allot $500m to rail, air transportation

TEHRAN, July 29 (Mehr News Agency) - A Trade Promotion Organization of Iran (TPOI) official said here on Sunday that $500 million will be allocated to rail and air transportation infrastructures.

Mohammad-Amin Charosseh told MNA that the Oil Stabilization Fund (OSF) will finance the projects.

The government has totally allotted $8 billion for domestic investments, exports, and technical and engineering services' exports, of which $500 million will be earmarked for rail and air transportation sectors.

First Iranian private port to go on stream in 2 months

TEHRAN, July 29 (Mehr News Agency) - The managing director of Iran's Ports and Shipping Organization (PSO) said here on Sunday that the first port run by the private sector will become operational within the next two months.

Talking to MNA, Ali Taheri added that Aftab Port, southern Hormuzgan Province, was totally constructed by the private sector.

Receiving loan from the government, the sector installed dock and breakwater, he said.

In the first 75 days of the current Iranian year (started March 21) 46 companies called for $646.9 million worth of investment in Iranian ports, said the official.

... Payvand News - 7/29/07 ... --

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