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.
Road Structures Finance & Funding

Related Content

  • Morocco plans repairs and further development of roads
    January 20, 2015
    Moroccan Ministry for Equipment and Transport has said that its 20-year plan for the country's motorway network will require an investment of US$5.86 billion. Funding sources for all of the work have yet to be secured. The country’s tolled highway system has been a success, although the Casablanca-Rabat-Tangiers route generates much of the total revenue. Morocco’s Ministry for Transport and Equipment is also looking to source financing worth $532.6 million. This will be used to repair damage to the road ne
    Read More
  • Armenia north-south highway route
    October 9, 2017
    Plans are being drawn up in Armenia for the new North-South Highway project. Measuring some 556km in all, the project is expected to cost in excess of US$2 billion to construct, although there it is possible that the final pricetag will be somewhat higher. The country's Ministry of Transport says that the southern section of the highway between Artashat and Megri will cost $1.5 billion to build alone.
    Read More
  • Colombia: Cesar-Guajira road project awarded to El Condor
    May 15, 2015
    The Colombian government has awarded the contract for construction of the Cesar-Guajira road to Construcciones El Condor, sole bidder for the work. The deal is a US$165 million public-private partnership (PPP) aiming to improve connectivity with the country’s Caribbean coastal departments. The 350km road will connect San Roque with Cuestecita, take four years to build and employ around 1,400 workers. Colombian Vice President, German Vargas Lleras, said five projects have been approved under the PPP sc
    Read More
  • Iran's new bridge
    March 2, 2012
    Construction activity has now commenced on Iran's new Persian Gulf Bridge project.
    Read More

Highlighted Content