Economy, Domestic Economy

Port Capacity to Rise 5%

Port Capacity to Rise 5%Port Capacity to Rise 5%

The ongoing infrastructural development projects in Iranian ports will increase their nominal capacity by 5% to reach 210 million tons by yearend, said deputy head of Ports and Maritime Organization Jalil Eslami. According to the official, the maximum real port capacity tapped in recent years has been standing at 160 million tons. Shahid Rajaee Port alone accounts for 50% to 55% of the total throughput in the Iranian ports, he added. Last Iranian year (ended March 20) saw 20,000 billion rials (about $667 million) of investment in ports by the private sector, which is expected to rise this year, he was quoted by IRNA as saying.