Financial Tribune - The private sector has signed investment contracts worth 54,982 billion rials ($407 million) with Ports and Maritime Organization of Iran for the development of Iranian ports during the 10 months to Jan. 20, according to a PMO official.

Hossein Sadeqinejad has also been quoted as saying by the news outlet of the Ministry of Roads and Urban Development that the investment volume shows a 54% growth on a year-on-year basis.

“These investments will be allocated for constructing and operating a wharf, building a mechanized rail terminal for the transport of minerals and a mechanized granary, creating transportation routes for petroleum products, improving technical services, setting up factories in the ports of Chabahar, Shahid Rajaee and Imam Khomeini” he said.