TEHRAN- The third phase of the development plan of Iran’s biggest container port, Shahid Rajaee port, was launched on Wednesday in southern Hormozgan province and in the presence of President Hassan Rouhani, Transport and Urban Development Minister Abbas Akhoundi, ISNA reported.

Upon the completion of this phase within three years, using 8.6 trillion rials (about $192.5 million), the port’s capacity will be increased to eight million TEU, the Head of Ports and Maritime Organization, Mohammad Rastad was quoted as saying.

Iran plans to increase the capacity of its ports to 250 million tons by four years, IRNA reported in late June quoting the ex-Head of Iran's Ports and Maritime Organization (PMO) Mohammad Saeidnejad as saying.

HJ/MA