July 05, 2021 18:42

Private Sector Launches First Water Market in Khorasan Razavi

Setting up water markets where buyers and sellers could trade water rights through short- and long-term leases will help better manage surface and ground resources that are dwindling rapidly

To establish the first regional water market in Iran for alleviating scarcity, an agreement was concluded with the private sector in Khorasan Razavi Province on Monday.
The deal was signed between Mohammad Alaei, the head of Khorasan Razavi Water Company, and Amir Farzad, managing director of a private firm named Rahrovan Sepehr Andisheh, ILNA reported.
“As per the deal and to ensure sustainable development in mining industries, the private firm is obliged to supply iron ore mines in Khaf County in the province with water in a way that ground water resources are not depleted,” Alaei said.

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