​The director for marketing and contracts at the Industrial Development and Renovation Organization of Iran (IDRO) said that the Bank of Industry and Mine has agreed to pay $400 million in loans to shipbuilding projects.Fardad Daliri told Marine News reporter that within the framework of the governmnet’s plans and policies to support marine industries, the minister of industry, mining, and trade has urged the Bnak of Industry and Mine to allocate financial facilities for the development of the shipbuilding induytry.The governor of the Bank of Industry and Mine agreed to allocate $400 million for the implementation of shipbuilding projects. The governor also specified the method of receiving guarantees and paying the loans, as well, he noted.Those who are interested in investing in the shipbuilding industry can refer to the Bank of Industry and Mine branches to become aware of details. One of the conditions is that the built or semi-built ship will be accepted as the guarantee or collateral, he said.The director for marketing and contracts at the Industrial Development and Renovation Organization of Iran referred to the measures taken by IDRO to manufacture drilling rigs (jack up), saying that pursuant to the order of the minister of industry, mining, and trade, we gathered applicants and finalized the method of construction and licenses of jack up. If the necessary funding is provided and the applicants collaborate, we can soon sign contracts to start production, he noted. According to him, the National Development Fund is planned to provide finance for the construction of jack up.The director for marketing and contracts at the Industrial Development and Renovation Organization of Iran (IDRO) said that the Bank of Industry and Mine has agreed to pay $400 million in loans to shipbuilding projects.Fardad Daliri told Marine News reporter that within the framework of the governmnet’s plans and policies to support marine industries, the minister of industry, mining, and trade has urged the Bnak of Industry and Mine to allocate financial facilities for the development of the shipbuilding induytry.The governor of the Bank of Industry and Mine agreed to allocate $400 million for the implementation of shipbuilding projects. The governor also specified the method of receiving guarantees and paying the loans, as well, he noted.Those who are interested in investing in the shipbuilding industry can refer to the Bank of Industry and Mine branches to become aware of details. One of the conditions is that the built or semi-built ship will be accepted as the guarantee or collateral, he said.The director for marketing and contracts at the Industrial Development and Renovation Organization of Iran referred to the measures taken by IDRO to manufacture drilling rigs (jack up), saying that pursuant to the order of the minister of industry, mining, and trade, we gathered applicants and finalized the method of construction and licenses of jack up. If the necessary funding is provided and the applicants collaborate, we can soon sign contracts to start production, he noted. According to him, the National Development Fund is planned to provide finance for the construction of jack up.