TEHRAN: Iran is looking to revamp its old airport system and is seeking private investors to fund the $3-billion facelift project.
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-SqM international terminal and a 25,000-SqM domestic passenger terminal.
Italian airport operator, SEA Group also signed a 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.