71817
The Economy Council's Monday meeting was presided by First Vice President Es'haq Jahangiri.
The Economy Council's Monday meeting was presided by First Vice President Es'haq Jahangiri.

€406m Foreign Funding for Khuzestan Water Project

€406m Foreign Funding for Khuzestan Water Project

First Vice President Es'haq Jahangiri has given the nod to the use of foreign financing, in view of the government's limited financial resources, to fund two public projects: pumping water to the northern parts of Khuzestan Province and constructing three hospitals, one each in the cities of Tehran, Shiraz and Tabriz.
The decision was made in a Monday meeting of the Economy Council presided by the veep. The ministers of oil, economy, health, industries as well as the governor of the Central Bank of Iran and the chairman of Iran chamber of commerce were also in attendance, Jahangiri's news portal reported.
Khuzestan is among the many regions in Iran that suffers from water shortage.
Jahangiri told the meeting that Khuzestan can use 406 million euros ($484 million)in foreign funding for the major water supply project in the north of the province.
According to Health Minister Hassan Qazizadeh Hashemi, Iran needs 70,000 hospital beds. Referring to the recent opening of lines of credit by foreign financiers, Jahangiri called on the Iranian private sector to take advantage of this opportunity and carry out their development projects. Notably, Iran signed its biggest credit line deal in recent years with South Korea's Eximbank last month. The deal envisages as much as €8 billion in loans provided by South Korean companies to finance various projects in Iran.

Short URL : https://goo.gl/Hqm6P8
  1. https://goo.gl/FLQo9k
  • https://goo.gl/CFSA2P
  • https://goo.gl/X711sm
  • https://goo.gl/9KbNVY
  • https://goo.gl/NC4fGq

You can also read ...

Iranians’ per capita honey consumption is 1 kilogram per year, while it is around 200 grams in other countries.
Iran has made noticeable progress in honey production, as it...
Transport MoU With Greece
Iran and Greece have signed a memorandum of understanding to...
US’ JCPOA Pullout Does Not Bode Ill for Iran Economy
The United States’ pullout from the Joint Comprehensive Plan...
Gov’t Payroll Exceeds  2.3 Million
The number of government employees stood at 2,341,726 in the...
Tehran to Host RailExpo 2018 Next Month
The Sixth International Exhibition of Rail Transportation and...
Non-Oil Trade With Spain Tops $620m
Iran traded $625.30 million worth of non-oil goods with Spain...
NDFI to Offer Loans Worth $2.8b to Create Rural Jobs
The government will allocate 120 trillion rials ($2.85 billion...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus