Financial Institutes for Financing Infrastructure Transport Projects through Capital Market of Iran

Subject Areas : Journal of Investment Knowledge

Mohammad Hashem Botshekan ¹ , Fereshteh Rahimi Almasi ²

1 - Assistant Professor, Department of Finance and Banking, Faculty of Accounting and Management, University of Allameh Tabataba'i, Tehran, Iran
2 - Ph.D. graduate, Department of Finance and Banking, Faculty of Accounting and Management, University of Allameh Tabataba'i, Tehran, Iran

Received: 2017-01-25 Accepted : 2017-05-21 Published : 2018-06-22

Keywords: financial institutes, finance, infrastructure project, transport, capital market,

Abstract :

The objective of this research is to study the necessary financial institutions for financing the infrastructure transport projects in Iran through the capital market. This study uses a mixed method. To prepare a primary framework, a systematic review was done and several half-structured interviews were undertaken with experts. To approve the primary framework, a survey of expert was done in a way that in the fields of roads, capital market and university, 42 questionnaires were filled, 28 interviews were carried out and 9 group meetings were held. Subsequently, the qualitative and quantitative results were compared and concluded according to the triangulation method. According to the experts consensus: undertaking some of securities charges, provision of emergency loans, guarantee syndication with banks, act as a reinsurer, support the formation of protection and indemnity association for the transportation industry, and issuance of insurance securities were proposed to be done by the Transport Development Fund. Furthermore doing the asset management of the Transport Development Fund by an expert institution and the development of Project infrastructure funds were emphasized.    

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