Iran allocates US$47 million for highway construction

coastal highwayThe Iranian government has allocated US$47mn for the construction of a highway along the Caspian Sea coast

According to the Iran Daily, deputy head - construction and development of Transportation Infrastructures Company (CDTIC), Kheirollah Khademi, said the 1,500km highway would connect the towns Astara, Rasht, Sari, Gorgan, Bojnord and Mashhad.

A part of the highway connecting Gorgan to Bojnord has been scheduled for completion in March 2016.

The total cost of the project has been estimated at US$83mn. According to the CDTIC, the highway project was conceptualised more than a decade ago to help ease traffic in northern Iran.

“The project will help generate thousands of jobs, attract foreign and domestic investments, reduce gasoline consumption and expedite the transfer of tourists to the Caspian Sea’s coastal areas. It would also help increase road safety,” said Khademi.

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