€2b Trilateral Contracts Signed to Fund IKIA Development

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.