Bank Pasargad, Imam Khomeini Airport Town Company and Iran Airports Company have signed a financing agreement for the development of Phase I of Terminal No. 2 of Imam Khomeini International Airport.
Under the build-operate-transfer contract worth €2 billion, Bank Pasargad will provide 80% of the financing and Imam Khomeini Airport Town Company and Iran Airports Company will each provide 10% of the funds, the news outlet of the Ministry of Roads and Urban Development reported.
Imam Khomeini International Airport has the capacity to handle 10-12 million passengers annually. With the completion of Phase I of the new terminal, IKIA’s capacity will increase to 35 million passengers; when fully operated, the airport capacity will rise to 110 million passengers per year.
A total of 600 hectares of land have been dedicated to the construction of the new terminal; Phase I of the terminal will be spread over an area of 410,000 square meters. The airport apron — the area of an airport where aircraft are parked, unloaded or loaded, refueled, boarded, or maintained — will be developed over 100 hectares and provide parking space for 70 airplanes.
Phase I of the project is scheduled to be complete in 48 months.
According to Roads Minister Mohammad Eslami, IKIA will become Iran’s first international airport with a transit capacity when the new terminal becomes operational.
“The capacity of local airports has increased by 10 million passengers over the past three years. Iran’s airport capacity now stands at 57 million passengers annually and will increase by 10 million passengers by the end of the current Iranian year (March 20, 2022),” he was quoted as saying by Fars News Agency.
Imam Khomeini International Airport has received $8.61 million in new coronavirus loan, according to Mohammad Mehdi Karbalaei, Imam Khomeini Airport City's CEO.
The airport’s daily flights decreased from 300 per day in the fiscal 2017 to 50-60 flights in the fiscal 2021-22 due to travel restrictions following the outbreak of Covid-19.
Tehran’s Imam Khomeini International Airport is the primary international airport of Tehran and the busiest airport of Iran.
Imam Khomeini Airport City is the second busiest customs administration in terms of imports, Fars News Agency reported.
Seventy percent of bailouts requested by transportation companies (road, air, rail and sea) hurt by the outbreak of coronavirus have been paid as of April 20, according to Mohsen Sadeqi, an official with the Ministry of Roads and Urban Development.
Out of 48,000 billion rials ($208 million) worth of loans requested by transportation sector, 32,700 billion rials ($142 million), i.e., 70% of the total requested loans, have been paid.
“Loans envisioned by the government for the transportation sector is divided into two parts: the first part of this support package has been paid to air and rail transportation sectors, which have been seriously hurt by the pandemic and the second package has been dedicated to public road transportation sector,” Sadeqi said.
“In total, 203,000 applications have been approved for government-backed loans by transportation companies, of which 155,000 or 76% have reached the payment stage; the documents and collaterals of the rest are under review.”
