Iran, China finalizing $2b investment for developing IKIA: CAO
The head of Iran’s Civil Aviation Organization (CAO) said a $2-billion investment by Iran and China as a joint venture (JV) for the development of Phase 2 of Imam Khomeini International Airport (IKIA) will be finalized soon.
The Chinese side will export materials to Iran needed for manufacturing plane parts and equipment, Mohammad Mohammadibakhsh said, Tasnim news agency reported.
The joint investment by Iran and China for the development of Phase 2 of the airport will be finalized in the current week, he added.
The investment will be made for increasing cargo and passenger transport capacity and also equipping the runway and Airport Traffic Control Tower (ATCT).
In September 2021, the deputy roads minister put the number of planes active in the air fleet of the country at about 100, adding that the number has now increased to 190.
According to the scheduled program, the number of active passenger planes will increase to 250 by year’s end (March 19, 2024), CAO chief stated.