TM Non-Cash Resources to Help Expand Tehran Subway’s Line 10

Tehran Municipality’s investment organization will inject non-cash resources worth 22 trillion rials ($76.65 million) to boost the construction of Tehran Metro’s Line 10.
Shokrollah Banar, the head of the organization, said TM’s investment is in the form of immovable resources, the Persian economic daily Donya-e-Eqtesad reported.
In addition, arrangements have been made with Tehran City Council’s Plan and Budget Commission and Tehran Metro Company for the allocation of non-cash resources. The next step should be taken by Tehran Metro Company to introduce an eligible contractor company,” he added.
According to Banar, TM’s investment organization is committed to extend non-cash fund resources worth 74 trillion rials ($258 million) before the end of the current fiscal year (March 2021).
The construction of Line 10, which is the largest urban development project in the past several years, was launched in early September. The project has been split into five phases, the first of which covers 12 kilometers in the northwestern part of the city, linking Kouhsar in District 5 to the international exhibition center. 
Khatam-al Anbiya, the construction arm of the Islamic Revolution Guards Corps, is the contractor of the project’s first phase.
The next phase will most probably be the line’s western flank in District 22.