Iran highway deal for Italian firm

An Italian roads company will handle the programme for a major road construction and management project in Iran. 1184 Anas International Enterprise (AIE), a subsidiary of Italian state-owned firm Anas, is in charge of the work. This contract is for the construction and management of 1,200km of motorways in Iran. The package of works was awarded by the Iranian Ministry of Roads & Urban Development, with a projected cost of US$3.98 billion in all to construct all the routes required. A feasibility study is planned for the first of the new motorway routes. This will be for a 350km section of motorway, which should be ready for traffic by 2022. The motorway will then require a further 830km to be constructed, although the timeframe for this part of the project has not so far been revealed.