Domestic Economy

$110m in Loans to Transport Companies

$110m in Loans to Transport Companies
$110m in Loans to Transport Companies

Sixty percent of loans allocated for transportation companies (road, air, rail and sea) hurt by the coronavirus had been paid as of Dec. 13, says Mohsen Sadeqi, an official with the Ministry of Roads and Urban Development on Monday. 
“Out of 48 trillion rials ($184.61 million) worth of financial support allocated by the government to the transportation sector, 28.6 trillion rials ($110 million) have been paid,” Sadeqi was quoted as saying by IRNA.
“The government’s loans considered for the transportation sector is divided into two parts: The first part of this support package has been paid to air and rail transportation sectors, which has been hurt by the pandemic; the second package has been dedicated to over-the-road public transportation sector.”  


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment