TEHRAN- The government will grant some 8 trillion rials (about $177.3 million) of inexpensive facilities to renovate old marine vessels, IRIB news quoted deputy head of Ports & Maritime Organization (PMO) on Saturday.

“Modernization of old vessels will expand Iran’s logistics and marine tourism,” Mansour Arami said underling PMO’s support for replacing old vessels with new ones by providing applicants with inexpensive loans. 

HJ/MA