Jan 30, 2018, 6:22 PM
News Code: 82814056
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$12b finance in post-JCPOA era in final phase of attraction

Tehran, Jan 30, IRNA – A senior financial official said that 12 billion dollars of investment are in the final state of attraction in the post-JCPOA era.

The remarks were made by Director General of the Department of Loans and International Associations and the Institutions at the Organization for Investment, Economic and Technical Assistance of Iran Saeed Khani Oshani.

Speaking to the Islamic Republic News Agency, Oshani said that since January 2006 when the JCPOA was implemented Iran has been capable of attracting about 32 billion dollars in finances from South Korea, China, Russia, Austria and Italy.

He 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 set up Bandar Abbas power plant and China's financing of the project to electrify Tehran-Mashad railway.

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