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 ...

The Airbus A320 family accounts for most of the narrow-body jets Iranian airlines have ordered in the past two years
Iranian airlines are placing massive orders for short- to...
Iran’s biggest container port Shahid Rajaee in Hormozgan Province, with 120 trillion rials  ($3.2 billion), accounted for most of the customs revenues earned last year
Despite the decline in Iran's imports last year (March 2016-17...
Proposed Industries Minister Vows to Reform Forex, Bank Interest Rates
Mohammad Shariatmadari, industries, mining and trade minister-...
MANN+HUMMEL Opens Tehran Office
German manufacturing company and leading global filtration...
Foreign Investment to Help Remedy Recession, Inflation
Iranian President Hassan Rouhani, who is beginning his second...
Carpet Expo to Open  in Tehran
Tehran will host the 26th Iran Handmade Carpet Exhibition from...
Auto Parts Makers Visit Pakistan
Iran’s commercial attaché  in Islamabad led an economic...
Bank Refah to Boost Capital by $2.1b
Iran’s Bank Refah, affiliated with the Social Security...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.