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Austria agree EUR 1 billion credit line for Iran steel project- The 18th China£¨Guangzhou£©Int¡¯l Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
6/14/2017 Sheetmetal machinery, Forging, Stamping expo |
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Press Tv reported that Austria has agreed to allocate a credit line of EUR 1 billion for a major steel production project in southern Iran. The announcement was made by the visiting Austrian Finance Minister Mr Hans Jörg Schelling during a visit to Tehran. Mr Schelling was quoted by Iran¡¯s IRNA news agency as telling his Iranian counterpart Mr Ali Tayyebniya that the credit line was meant to help the expansion of relations between the two countries.
IRNA further quoted him as saying that Austria¡¯s banks were eager to promote relations with Iran¡¯s banks.
For his part, Tayyebniya called on the Austria government to do more to help expand economic relations with Iran.
Austria¡¯s steel production investment plan in Iran involves the establishment of a plant with a capacity of 2.4 million tonnes per year in Gol Gohar in Iran¡¯s southern province of Kerman.
To the same effect, Austria¡¯s Voestalpine has reportedly signed an agreement to team up with Iranian partners to establish a steel production plant in Gol Gohar.
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The 18th China£¨Guangzhou£©Int¡¯l
Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
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