German Firm to Develop Shahid Rajaei Port

Iran has signed a €104 million contract with a German company for the development of Shahid Rajaei Port in the southern Hormozgan Province, deputy minister of roads and urban development, Mohammad Saeednejad, announced. “A tender was held for the project and it was won by a German company,” the official was quoted as saying by Mehr News Agency on Tuesday. Saeednejad, who is also the managing director of Ports and Maritime Organization of Iran, did not name the German company. He said Letters of Credit have been issued and that the German company will deliver new equipment to Shahid Rajaei by December 10. Shahid Rajaei is Iran’s biggest container port near the Strait of Hormuz and handles more than half of Iran’s total imports and exports.