Mellat Bank to Finance Shahid Rajaee Port Expansion

The Managing Director of the Ports and Maritime Organization (PMO) of Iran has announced the designation of Mellat Bank that will finance China for the expansion of Phase II of Shahid Rajaee Port, and a credit for this project from the Iranian Government, stating that investments in Phase III of this port were initially estimated at around $500 million.

As for providing funds for the equipment of Phase II of the above port, Mr. Saeednejad mentioned: “In the Port of Shahid Rajaee, the equipment being purchased for Phase II does not completely cover the eastern and western wings.

He continued that investors would be attracted through a public announcement for the small remaining part.

The Iranian Deputy Minister of Road and Urban Development further stated: “At the time being, Phase II is being equipped through Chinese financing. In this respect, the progress has been satisfactory, and the issuing bank has been designated, as well as a sizeable credit by the Government for this project.”

Announcing Mellat Bank as the Iranian bank involved in this project, PMO’s Managing Director further mentioned that the official formalities were being followed by the Chinese side as well.

The Deputy Minister also elaborated: “Among the major projects in Shahid Rajaee Port, one could point to plans for purchase and provision of equipment for eastern and western wings and basin no. 2, as well as construction and equipment of basin  No. 3.”

Press Release

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews ( holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee:

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