Skip to main content

Iran freeway project being planned

Funding for a major freeway project in Iran could come from foreign sources. The Tabriz-Marand-Bazargan freeway looks likely to be built using foreign investment. A plan for the project has been approved by the Organisation for Investment, Economic and Technical Assistance of Iran (OIETAI). This new freeway forms part of a larger programme of road and highway construction in Iran. The aim is to increase the total length of freeways across the country from the present 2,360km to 5,200km in the next four year
June 24, 2015 Read time: 1 min
Funding for a major freeway project in Iran could come from foreign sources. The Tabriz-Marand-Bazargan freeway looks likely to be built using foreign investment. A plan for the project has been approved by the Organisation for Investment, Economic and Technical Assistance of Iran (OIETAI). This new freeway forms part of a larger programme of road and highway construction in Iran. The aim is to increase the total length of freeways across the country from the present 2,360km to 5,200km in the next four years. Some US$1.25 billion of foreign investment will be required to deliver the programme of works.

Related Content

  • Nicaragua is planning major road investments
    March 30, 2015
    The Nicaraguan Government is setting out major plans for road infrastructure development. The country's master plan for road infrastructure envisages work to a total of 4,200km of main roads across the country. This programme is expected to cost in the order of US$5.20 billion, according to pre-feasibility studies carried out by Korea Expressway Corporation (KEC). Funding is being sought at present by the Nicaraguan Government, which is in discussion with a number of bodies.
  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
  • India’s highway financing programme planned
    November 30, 2016
    A budget of US$8.97 billion has been set as the limit on borrowing for India’s highways development programme for the 2017-2018 fiscal year. The financing agreement has been made by the National Highways Authority of India (NHAI), acting through the country’s Ministry of Road Transport and Highways. This substantial budget comes in spite of fewer projects being awarded as well as less financing having been secured during 2016. In the April to October 2016 the NHAI awarded contracts for 2,330km of highways.
  • India’s longest tolled expressway is open to traffic
    January 2, 2013
    Earlier this year, a new expressway was opened to traffic in India, adding connectivity to the country’s road network - Mike Woof reports. India’s economic growth has fuelled a massive construction boom in the country. Road building has been set as a priority by the Indian Government to help ensure continued economic development and improve connectivity between major population centres. One major new expressway has recently opened to traffic, having been designed to international standards and provides insi