Transport Development Fund Established
Economy, Domestic Economy

Transport Development Fund Established

The Ministry of Roads and Urban Development has approved a proposal for the establishment of Transport Development Fund, which is aimed at facilitating private sector investment in the transportation sector. The fund will be utilized to provide incentives in national and foreign currencies to investors in transportation projects and to guarantee the repayment of subsidized loans by investors, Mehr News Agency reported on Monday. Assisting the payment of government dues toward maintenance of transportation infrastructure, payment of subsidized loan for road renovation projects, giving letters of guarantee to investors and issuing debts and bonds to help finance transportation projects are other activities that will be carried out by the Transport Development Fund.

Short URL : https://goo.gl/ymlsao
  1. https://goo.gl/d27hXy
  • https://goo.gl/NgTQmG
  • https://goo.gl/YNxpLO
  • https://goo.gl/g6ChSA
  • https://goo.gl/PXr4rM

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...