Italy’s ANAS signs $4bn Iran Highway Deal

By John Lee.

ANAS, the Italian highway agency, has signed a 3.6-billion-euro ($4-billion) deal with Iran’s Ministry for Transport to build a 1,200-km highway through the country.

The project will link the port of Bandar Imam Khomeini on the Persian Gulf to the northern border with Turkey at Bazargan, passing through the city of Tabriz.

The first 350-km section will be completed by 2022 at a cost of EUR 600 million.

The second section will run about 830 km through the mountains, and will require a much larger investment — about EUR 3 billion.

(Source: ANAS)

No comments yet.

Leave a Reply