45777
Transportation Fund Makes Debut
Economy, Domestic Economy

Transportation Fund Makes Debut

The parliament has approved the bill for the establishment of the so-called Transportation Development Fund to provide sustainable financial resources for expanding transportation infrastructure and attracting investments. Now the Ministry of Roads and Urban Development is allowed to set up the TDF with an initial investment of 10,000 billion rials ($285.71 million at market exchange rate) out of its own resources and 190,000 billion rials ($5.42 billion) out of government budget, Mehr News Agency reported. The fund will be governed by a board of trustees comprising Minister of Roads and Urban Development Abbas Akhoundi, Minister of Economic Affairs and Finance Ali Tayyebnia and the head of Management and Planning Organization of Iran, Mohammad Baqer Nobakht.

Short URL : http://goo.gl/DTA36l
  1. http://goo.gl/gFBSny
  • http://goo.gl/b7JxLG
  • http://goo.gl/kjYyXn
  • http://goo.gl/UduVy9
  • http://goo.gl/dXP1rP

You can also read ...

Tehran Stocks Make Record Gains to Stand at All-Time Highs
Bulls are on parade in Tehran's equity market, and they are...
Aside from European countries, 70-75% of other countries are using EASA standards and regulations.
Plans are underway to update and implement new rules and...
Tech Titans Trying to Kill Calif. Privacy Initiative
As data-sharing scandals continue to mount, a new proposal in...
Freak Plunge in Nintendo's Stock
Nintendo has been red hot for the past few years, but...
People walk by the Paris branch of Bank Saderat Iran.
Bank Saderat Iran, which boasts the most expansive overseas...
Iran’s Share in Global Sheepskin Exports at 5%
Iran has a share of 5% in global sheepskin exports and a 1%...
Gold Coin Bullish Despite Massive Supply
Despite several schemes by the Central Bank of Iran to satisfy...
Venture Capital Funds Essential to Startup Growth
Praising venture capital funds, Iran's Vice President for...

Trending

Googleplus