Iran to issue $570m of bonds to finance transport infrastructure projects

Iran will start selling 7 trillion rials (about $570 million) bonds on Friday for expanding its roads and transportation infrastructures, IRNA quoted Construction and Development of Transportation Infrastructure Company of Iran Managing Director Ahmad Sadeqi as saying.

The earnings will be spent to expand railways, freeways, highways, and main roads across the country, he added.
Last year, 54 railway, freeway, and highway projects were implemented at a cost of 30 trillion rials (about $2.4 billion) using revenues earned through selling bonds, he noted.
He pointed out to financing 50 percent of projects through selling bonds, and added that 23 trillion rials (about $1.8 billon) is needed annually to implement road transportation expansion projects in the country.
In October 2012, the Fars News Agency quoted Iranian Deputy Roads and Urban Development Minister Shahryar Afandizadeh as saying that the volume of transited goods via Iran has increased by 75 percent compared to four years ago.
Afandizadeh told IRNA that over 5.8 million tons of goods were transited via Iran in the first half of the current Iranian calendar year, which began on March 20, showing 25 percent growth year on year.
He added that 2.4 million tons of the transited goods were oil products and the rest were non-oil products.
The highest volume of the transited goods was related to transiting 1.8 million tons of goods from Iraq to the UAE.
Afandizadeh said that more than 100 countries are currently transiting their goods via Iran.
Source: Tehran Times

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