Thursday 26 April 2018

Tabriz Airport

Private investors sought for Iran's airports development

TEHRAN, March 14, 2017

Iran is looking to revamp its airport system and is seeking private investors to fund the $3-billion facelift, said a report.

According to a report in Iran Daily, the government is looking to expand the Mehrabad, Imam Khomeini, Tabriz, Mashhad, Isfahan, Kerman and Shiraz airports.

Iran has already gathered around $2.35 billion in foreign investments through memorandums of understanding (MoUs) with potential investors as well as secured $650 million in firm contracts.

The most high profile MoU to date was signed with Vinci Airports to develop Mashhad and Isfahan airports. As per development plans, Mashhad will get a new 43,000-sq-m international terminal and a 25,000-sqm domestic passenger terminal.

Italian airport operator, SEA Group also signed an MoU this year for a new 80,000-sqm passenger terminal at Teheran's Mehrabad International Airport while Italian construction company Vitali SPA has signed a contract to develop Tabriz International Airport, which serves the provincial capital of East Azerbaijan Province.

Elsewhere, the government is looking for investors to develop a new 25 mppa terminal at Teheran's Imam Khomeini International Airport under the framework or either a Build Operate Transfer (BOT) or Build Lease Transfer (BLT) agreement.

Tags: Iran | airport | investors | funds | development | Private |

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