68273
Over $9b Earmarked for Development Projects
Over $9b Earmarked for Development Projects

Over $9b Earmarked for Development Projects

Over $9b Earmarked for Development Projects

The government will have spent 374 trillion rials ($9.87 billion) in development projects by the end of the current Iranian year (March 20, 2018), says government spokesperson, Mohammad Baqer Nobakht, adding that 440 billion rials (11.6 million) of this sum have already been allocated.
"The government is also planning to issue 9.5 trillion rials ($2.5 billion) worth of bonds to settle its huge debt to contractors," Nobakht was quoted as saying by IRNA. In May, deputy minister of roads and urban development, Amir Amini, said the government had spent 360 trillion rials ($9.6 billion) from August 2013-Mach 2017 to develop domestic transport infrastructures, adding that it has yet to settle 105 trillion rials ($2.8 billion) of debt to contractors.

Short URL : https://goo.gl/VDanqp
  1. https://goo.gl/GdKUok
  • https://goo.gl/nZEM1Y
  • https://goo.gl/BPqK4P
  • https://goo.gl/Xdf4ot
  • https://goo.gl/n9HP2T

You can also read ...

Automotive Giants Hit  by Massive Data Breach
Security researcher UpGuard Cyber Risk disclosed Friday that...
Travel Currency Policy Facing Revision
Confirming rumors of an imminent change in the Central Bank of...
Mindful of the risks inherent in starting a trade war with the US, the EU will probably not be able to provide Tehran with extensive support.
If it wants to keep the nuclear deal alive, the EU will need...
Iranian Parliament Firm on Preventing FATF Blacklisting
Majlis Economic Commission, a major force in Iran's Parliament...
Command Economy Taking Biggest Toll on Stocks
Bulls at Tehran stock market are exhausted, as bears keep...
Secondary Forex Market Rates to Soar
The supply of currency to the Secondary Forex Market will...
21% Rise in Non-Oil Trade With Afghanistan
Iran traded 1.58 million tons of non-oil commodities worth $...
No Reverting to Economic Policies of 1980s
One of the wonders in this day and age, in Iran, is the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus