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Domestic Economy

Passengers Required to Declare Foreign Currencies at IKIA

Passengers must be declared the aggregate value of foreign currencies brought in or taken out of the country to the customs office of Imam Khomeini International Airport on a newly-launched website. 

According to Gholamreza Safari-Taheri, the director of the office, the website was designed in compliance with a decision by the Headquarters to Combat Smuggling of Goods and Foreign Exchange. 

The official noted that revenues gained by IKIA’s customs office increased by 12% in the last year (March 2020-21) despite an 80% decline in the number of flights due to restrictions imposed over Covid-19. 

“The two-month period since the beginning of the current [fiscal] year [March 21] saw the office’s income rise by 52%, thanks to the import of pharmaceuticals and intermediate goods,” he was quoted as saying by IRNA.

According to Mohammad Mehdi Karbalaei, Imam Khomeini Airport City's CEO, Imam Khomeini International Airport recently received $8.61 million in new coronavirus loan. 

The airport’s daily flights decreased from 300 per day in the fiscal 2017-18 to 50-60 flights in the fiscal 2021-22 due to travel restrictions following the outbreak of Covid-19.

The Imam Khomeini International Airport is the prime international airport of Tehran.

Imam Khomeini Airport City is the second busiest customs in terms of imports, Fars News Agency reported.

Bank Pasargad, Imam Khomeini Airport Town Company and Iran Airports Company recently signed a financing agreement for the development of Phase I of Terminal No. 2 of IKIA. 

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 rise to 35 million passengers; when fully operational, the airport’s capacity will rise to 110 million passengers per year.

A total of 600 hectares have been dedicated to the construction of the new terminal; Phase I of the terminal will span across 410,000 square meters. The airport’s apron — the area of airport where aircraft are parked, unloaded or loaded, refueled, boarded, or maintained — will be developed over 100 hectares and will provide parking space for 70 airplanes. Phase I of the project is scheduled to finish in 48 months. 

According to Roads Minister Mohammad Eslami, the capacity of local airports has increased by 10 million passengers over the past three years. 

“Iran’s airports’ 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.