11598
Mehr Completion Postponed
Economy, Domestic Economy

Mehr Completion Postponed

The government is determined to complete the Mehr Housing Project by the end of the upcoming fiscal year (starting March 21), while 90 percent of the housing units of this projects will be completed by the end of the current year, deputy minister of roads and urban development Ahmand Asghari Merabadi, said in a meeting in the southern province of Hormozgan on Thursday. The official said the ministry is not capable of completing the project relying on its own financial resources calling for more support. From the total 2.3 million housing units of this project, 1.72 millions have been completed and 1.3 million have already been turned over to their owners. The Mehr Hosing Project, initiated in 2007 by the former administration, was expected to provide two million low-income strata of the society with housing units through free land and cheap credits. But the nationwide scheme slowed down later due to lack of funding.

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

You can also read ...

Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions
The European Union may opt for digital currencies in its...
Iran’s net hot-rolled coil consumption was 5.6 million tons in 2017, of which 0.8 million tons were imported.
Russia and Kazakhstan are temporarily stepping back on sales...
Secondary Forex Market: Corruption Loopholes Abound
Two goals set have been set for the recent establishment of...
EU foreign policy chief, Federica Mogherini, hailed the imposition of the blocking statute on Monday as a “consistent step forward”.
As it races to save the Iran nuclear deal, the European Union...
Deputy Economy Minister Defends Gov’t Forex Policy
The government’s policy to allocate dollars and euros to...
Colza Production Exceeds Expectations
The government has purchased more than 300,000 tons of colza...
Hashtgerd Subway Station Construction Underway
Iranian authorities are pushing ahead with construction plans...
Interbank Rate Tweak to Impact Interest Rates
Officials at the Central Bank of Iran have announced the...

Trending

Googleplus