Finance News
Iran to privatise Imam Khomeini port
Mon, 21 Dec 2009
Port named after Ayatollah Khomeini
Iran is to privatise the Arabian Gulf port of Imam Khomeini, which handles one-third of the country’s trade. The Tehran Times reported Iran’s minister for roads, Hamid Behbahani, as saying “Imam Khomeini port will be ceded to the private sector,” while speaking to reporters on the sidelines of a transport conference in the Iranian capital.
Article 44 of the Iranian constitution stipulates that the country’s ports and other “mother industries” are public property and under the guidance of the government. However, a 2004 amendment paved the way for the privatisation of 80% of the state-owned assets in 10 years.
The country is understood to have privatised $63bn worth of government equity in state-owned firms since 2005.
According to the port authority website, Imam Khomeini port has an annual capacity of 37m tonne and is the country’s leading grain hub. The container terminal has a capacity to handle 700,000teu per year. The port has 37 berths totalling 7km in length with an average draught of 13.5 metres alongside.
Article 44 of the Iranian constitution stipulates that the country’s ports and other “mother industries” are public property and under the guidance of the government. However, a 2004 amendment paved the way for the privatisation of 80% of the state-owned assets in 10 years.
The country is understood to have privatised $63bn worth of government equity in state-owned firms since 2005.
According to the port authority website, Imam Khomeini port has an annual capacity of 37m tonne and is the country’s leading grain hub. The container terminal has a capacity to handle 700,000teu per year. The port has 37 berths totalling 7km in length with an average draught of 13.5 metres alongside.
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