TEHRAN (Iran News) – Iran’s First Vice President Es’haq Jahangiri inaugurated several development projects valued at about $425.9 million on Saturday during a visit to the southern province of Hormuzgan.
The second development phase of South Kaveh Steel Company, 12 port and maritime projects, a telecommunications project and a 130-bed hospital were among the inaugurated projects in Hormuzgan, IRNA reported.
The second development phase of South Kaveh Steel Company was put into operation with an investment of €311 million by the Mostazafan Foundation in the Persian Gulf Special Economic Zone in Bandar Abbas, the capital of Hormuzgan Province.
By launching the second phase of South Kaveh Steel Company, a sum of 1.2 million tons will be added to the country’s crude steel production capacity, and the company’s annual production capacity will hit 2.4 million tons.
The maritime projects which were inaugurated on Saturday, include a transit and export terminal, construction of storage facilities for oil products, construction of 12 floating tourist wharf posts in six designated areas of the province, modernization of 16 to 20 wharves of Shahid Rajaee Port, and renovation of the port’s railway lines.
A 130-bed obstetrics and gynecology hospital was also inaugurated in Bandar Abbas in which about $30.9 million was invested.
Jahangiri arrived in Bandar Abbas on Saturday to attend a meeting of the Hormozgan Province’s Resistance Economy Headquarters and visit the province’s customs administration.
- source : Iran Daily
