Phase I of Tehran’s Plasco High-Rise Reconstruction Reopens

The northern wing of Plasco commercial tower, which includes 279 stores, was inaugurated on Feb. 3. 
Tehran Governor Isa Farhadi noted that with the opening of Phase I of this building, a total of 837 direct and 7,000 indirect jobs have been created. 
“Renovation and safety procedures worth 270 billion rials [$1.1 million] carried out for this project were totally financed by shop-owners,” he was quoted as saying by IRNA. 
The 17-storey Plasco commercial tower in Jomhouri Street, Iran’s oldest high-rise and an iconic structure in downtown Tehran, built in 1962, caught fire on Jan. 19, 2017. In the incident sparked by an electrical short circuit, 16 firefighters and four civilians lost their lives and some 70 people were injured.