$2.5 Billion Allocated  for Subways
Economy, Business And Markets

$2.5 Billion Allocated for Subways

Owing to the fact that most municipalities, including that of Tehran, are struggling with a hefty credit crunch, Shahr Bank has invested 100 trillion rials ($2.5 billion) to support the development of subways in the country, especially in Tehran, the head of Transportation and Civil Affairs Commission of Tehran City Council announced. “More than 60 trillion rials ($1.51 billion) of the resources have already been used to purchase equipment and develop systems, while the project is going ahead with a credit line of over 30 trillion rials ($760 million),” Mohammad Alikhani was also reported as saying by the bank’s news website. “In light of the significant amount of support that Shahr Bank extends to municipalities, the bank is considered their biggest partner. As municipalities have trouble getting loans due to their arrears, the lender can solve a considerable amount of their problems,” he said.


Short URL : https://goo.gl/iojtMr
  1. https://goo.gl/NjfztG
  • https://goo.gl/ZAkKyi
  • https://goo.gl/9ifUJW
  • https://goo.gl/1DfU9h
  • https://goo.gl/v1WKdB

You can also read ...

US’ Iran Policy Headed for Train Wreck With Afghan Policy
US President Donald Trump’s decision to pull out of the Iran...
5-6% Flexibility in USD Rate Until March
Governor of the Central Bank of Iran said the exchange rates...
With the US Out, How Can Iran Benefit From JCPOA?
In Iran, the only surprise regarding US President Donald Trump...
BMI Outlines Forex Measures
Director of Bank Melli of Iran’s Foreign Exchange Department...
Persian is the 15th most spoken language  in the world with 120 million speakers.
The amount of online content in Persian has observed a...
Non-Oil Trade With Malaysia Rises 23%
Iran traded $694.64 million worth of non-oil goods with...
Mineral Projects Worth $3.6b in the Pipeline
More than $3.6 billion worth of mineral projects are to be...
Apple Pays Ireland 1st Tranche of Disputed Taxes
Apple has paid €1.5 billion ($1.76 billion) into an escrow...

Add new comment

Read our comment policy before posting your viewpoints