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12 billion dollars of investment in final state of attraction in post-JCPOA

Tuesday, Jan 30, 2018

Head of OIETAIs Office for Loans and International Institutions said that 12 billion dollars of investment are in the final state of attraction in the post-JCPOA era.

(SHADA: TEHRAN) -- Since January 2006 when the JCPOA was implemented, Iran has managed to attract about 32 billion dollars in finances from South Korea, China, Russia, Austria and Italy, said Director General of the Department for Loans, International Organizations and Institutions at the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI).

Saeed Khani Oshani said the last finalized finance contract was worth five billion euros and signed with Italians.

Some of the financial contracts are project-oriented, i.e. they have been signed for a special project in the country, including Russian finance to implement Garmsar-Ince Borun railway project and to set up Bandar Abbas power plant as well as China's financing of the project to electrify Tehran-Mashad railway, Oshani added.

Many of the project-based financing contracts are in the final stages of resource allocation; some are being evaluated, and others are in the process of opening LCs, he noted.

Oshani also stressed that, according to the first vice president's order, the Central Bank and the Ministry of Economic Affairs and Finance are required to identify projects that need to attract foreign capital.


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