The Germans expressed their tendency for the project in their meeting with the officials of Tehran-North Highway Company (TNHC) and the Housing and Development Organization. They also said that they will be encouraged to sign the deal of finance if they receive an official guarantee from the ministry and the Management and Planning Organization.
Meanwhile, HCO officials announced they will take part in the project only if their suggestions comply with those of Deutsche.
In addition, TNHC officials stated that they would prefer the project to be financed through project finance since they can get most of government support at the time. “The German bank will be eligible to share in 20% of the investments”, TNHC incurred.
HCO is the contractor of the interstate highway, which connects the capital to the northern
ER/MA
END
MNA
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