Austria’s Oberbank set to finance construction of infrastructural projects in Iran

TEHRAN, Jun. 23 (MNA) – In his meeting with the governor of Central Bank of Austria, Iranian Minister of Economic Affairs and Finance (MEAF) Masoud Karbasian revealed the construction operation of several infrastructural projects in Iran with a credit line, worth €1 billion, which will be financed by Austria’s Oberbank.

Karbasian, who is in Austrian capital Vienna to participate in 39th Ministerial Meeting of OPEC Development Fund, said that Austria will construct a number of infrastructural projects in Iran using €1 billion worth of finance opened by Oberbank.

Construction of an equipped hospital (special of 5th generation) in the field of treatment of cancer and also launch of an iron ore production line are of the salient projects that will be put into operation through Austria’s Oberbank financing scheme, MEAF minister maintained.  

Austria’s ‘Oberbank’ was of the first European bank that resumed its banking cooperation with the Central Bank of Iran (CBI) after the implementation of Joint Comprehensive Plan of Action (JCPOA), economy minister observed.

Presently, suitable ways have been provided between the two central banks of Iran and Austria for broadening and enhancing banking cooperation, Karbasian emphasized.

He also praised Austrian government’s support on Iran in the field of re-improvement of country’s credit rating in the international level.

In conclusion, Economy Minister Karbasian pointed to the upcoming visit of Iranian President to Austria and said, “in a get-together meeting held in the presence of ministers, President Rouhani has always stressed for broadening and enhancing cooperation between Iran and Austria.”

MA/4327554

News Code 135036

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