10674
Transport Budget Up
Economy, Domestic Economy

Transport Budget Up

Next year’s budget proposal for the transport sector has increased by 18 percent, deputy minister of roads and urban development Amir Amini said in a news conference in the western province of Lorestan on Thursday. The official who was in Lorestan to tour national road projects said from the total 1.6 trillion rials ($58.1 million based on official exchange rate) allocated to the ministry of roads, 950 billion rials ($34.5 million ) is to be earmarked for expansion and maintenance of roads and the rest will go to the housing sector. The current budget of the ministry stands at $1.07 trillion rials ($38.8 million), he added. Minister of Roads and Urban Development, Abbas Akhundi, earlier announced that the minimum amount required for the development of the national road network is about 1,000 trillion rials ($36.3 billion), adding that road transport projects will receive more financing once a comprehensive nuclear agreement is reached between Iran and the P5+1 (the five permanent members of the UN Security Council plus Germany).

 

Short URL : http://goo.gl/AbJatX

You can also read ...

Economic War on Iran Is War on Eurasia Integration
Hysteria reigned supreme after the first round of US sanctions...
Emirati Paper: Baghdad Expected to Maintain Strong Economic Ties With Tehran
Iraq’s ties with Iran are likely to grow stronger as a result...
 New ATR Planes Join Iran Air Fleet
The ATR 72-600 planes recently delivered to Iran Air have...
German Rail Operator, Deutsche Telekom End Iran Projects
German rail operator Deutsche Bahn and Deutsche Telekom are...
NZ Exporters Wary of Rising  US-Iran Trade Tensions
New Zealand exporters are looking to worsening US-Iran...
Decline in Forex  Rates Expected
While the foreign exchange rates are still considered bullish...
Australian Teen Hacked Apple’s Computer Network
An Australian teenager has pleaded guilty to hacking into the...
ICT Minister Sees Bright Future for Local Startups
Unperturbed by the current economic volatility that Iran is...

Trending

Googleplus