AIIB president says keen to finance Iran's projects

EghtesadOnline: Asian Infrastructure Investment Bank (AIIB) President Jin Liqun said this bank is ready to finance Iran's infrastructure projects.

News ID: ۷۷۱۴۰۲

17 November 2016

He made the remarks in a meeting with visiting Minister of Roads and Urban Development Abbas Akhundi, IRNA reported.

AIIB president referred to Iran's role in establishment of the AIIB and said this bank is ready to finance Iran's infrastructure projects.

AIIB is ready to help Iran to rebuild the decayed residential places, he added.

During the meeting, the Iranian minister for his part expressed Iran's interest to use the AIIB finance for development of its infrastructure in various sectors of air, rail and road.

Iran prefers using the Build–operate–transfer (BOT) and BLT (Build–Lease–Transfer) forms of project financing to finance its projects, he added.

The official urged AIIB to dispatch a delegation to visit Iranian projects.

Akhundi is in China for a four-day official visit to discuss cooperation between the two countries in the field of transportation. Heading a delegation, he arrived in Beijing on Sunday evening.