Minister: China to Invest €2bn in Constructing IKIA’s Phase II

Date: 25 November 2023 - 22:26

News ID: ۱۲۱۸۶۱

TEHRAN – Iran’s Minister of Roads and Urban Development Mehrdad Bazrpash on Saturday said that China will invest €2 billion for the construction operation of the second phase of the Imam Khomeini International Airport (IKIA).
Speaking at the ground-breaking ceremony of the construction project of the second phase of the Imam Khomeini Airport City, Bazrpash described it as one of the most important, strategic and largest development projects in the country.
The roads minister called on the private sector activists to assist the ministry in implementing the project.
The first phase of the development of Imam Khomeini International Airport (IKIA), costing $500 million, will come on stream in March 2025, he added.
The minister said a Chinese company will invest more than €2 billion for the completion of the construction operation of the second phase of the IKIA.

IKIA to Become Hub in Mideast

The chief executive of Chinese Company Hakan said that the Imam Khomeini International Airport (IKIA) will turn into a new air transportation hub in the Middle East region.
Emphasizing that China’s cooperation with Iran is “unshakable and unwaivering”, Hui Ka Yan stated that the development project of the IKIA in cooperation with the Khatam al-Anbiya Construction Headquarters will become a role model for the development of the Silk Road.
Speaking at the ground-breaking ceremony of the construction operation of the second phase of the IKIA, he pointed to the amicable ties between Iran and China and added that Chinese President Xi Jinping during the visit of Iranian president of China emphasized that the relations between the two countries are strategic and he will make his utmost effort to expand the friendly relations in all areas.
The development of the airport is a turning point in cooperation between Iran and China within the framework of a 25-Year Strategic Partnership Agreement, he said, adding that if the second phase of the airport is completed, it will become a leading airport with the annual capacity of transporting 35 million passengers.