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BIM Funding 143 Projects

BMI Funding  143 ProjectsBMI Funding  143 Projects

Iran’s Bank of Industry and Mine is financing 143 national projects that can generate more than 30,000 direct jobs.  “The bank is providing 370 trillion rials [$8,809 million] in funds required for a total of 143 projects, which can produce over 30,000 direct jobs,” BIM’s CEO Ali Ashraf Afkhami was also quoted as saying by IBENA on Monday.  The projects cover, among other sectors, steel production and the national rail network’s development. “BIM will offer loans worth $32 billion to the steel industry over the next two years, helping add 8 million tons to its output capacity,” Afkhami said. “The bank has also contributed $1.8 billion and $1.7 billion respectively to launch two high-speed rail projects linking the capital Tehran to Isfahan and Mashhad respectively,” he added.

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