Domestic Economy

New Port With Annual Capacity of 150m Tons Planned

new port new port

The Ports and Maritime Organization is planning to build a new port on the east coast of the Strait of Hormuz, which will have a loading and unloading capacity of 150 million tons of commodities per year once all phases have been completed, according to the head of PMO.
“This new port will be built in Kangan Rural District’s Kuh Mobarak area, Jask County of Hormozgan Province, and in the vicinity of the oil terminals owned by Iran’s Oil Ministry. At the current rate, the project will cost around 100 trillion rials [$358.67 million],” Mohammad Rastad was also quoted as saying by Fars News Agency.
The official noted that the project’s construction is scheduled to begin in the fiscal 2025-26 and the first phase is estimated to be completed by 2032-33.
“The plan is for the whole project to be launched by the fiscal 2045-46,” he added.


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