Non-Allocation of Funds Delays Tehran’s Wastewater Project

The construction of phases 7 and 8 of Tehran’s South Wastewater Treatment Plant requires at least $700 million in investment, but the procrastination of agent banks in extending funds has delayed the project, managing director of the provincial sewerage company said.
“With the completion of the project, 84 million cubic meters of wastewater will be added to the city’s annual sewage collection and processing capacity that currently stands at 675,000 cubic meters per day, which will play an important role in the development of agricultural lands in the vicinity of the plant,” Abbasali Mesrzadeh was also quoted as saying by ISNA.
Although a long time has passed since the launch of the project’s executive operations, it has registered less than 30% progress and investors, including Bank Mellat, need to speed up the process, he added.
“The longer this project is postponed, the more the suburban areas around the capital will subside.”