Iran’s Airports and Air Transport Co. has signed a memorandum of understanding with the Italian Milan Airport on building a new terminal at Tehran’s Mehrabad Airport.
If the MoU turns into a contract, then a passenger terminal will be built in an area of 80,000 square meters, Rahmatollah Mahabadi, the CEO of the Iranian company said, ISNA news agency reported April 23.
The official said building the terminal is estimated to cost €250 million, adding that the terminal will also provide parking space for 6,000 cars.
He added that another MoU has been signed with another Italian company to build a passenger airport in northwestern Iranian city of Tabriz.
The Tabriz airport will cost about €50 million funded by the foreign company, Mahabadi said, adding that the Italian side has also agreed to transfer technology and work experience to the Iranian side.
Iran’s aviation industry suffered great damage under sanctions, as the country was deprived of foreign help not only with airplanes, but construction, maintenance, and technology as well.
Now, as the sanctions are lifted, Iran is looking forward to a more modern and well-equipped aviation industry. The country is said to be in need of 500 new aircraft to be imported over five years.