INDICES
  • Samba 65 00% 56.65%
    Joga2002 635.254 50% 63.63%
    Bra52 69 23.145% -63.25%
    Joga2002 635.254 50% 63.63%
  • HangSang20 370 400% -20%
    NasDaq4 33 00% 36%
    S&P5002 60 50% 10%
    HangSang20 370 400% -20%
    Dow17 56.23 41.89% -2.635%
-

EghtesadOnline: The government has handed over 4,131 abandoned development projects to the private sector, the head of Planning and Budget Organization of Iran said.

Noting that Iran’s development budget over the past few years stood at an average of 300-400 trillion rials ($7.5-10 billion) annually, Mohammad Baqer Nobakht added that the government needs 6,000 trillion rials ($150 billion) to carry out all abandoned development projects, the Persian daily Iran reported.

A large number of these projects are a carry-over from the previous administrations. These projects were initiated without proper feasibility studies and later came to a halt due to a lack of funding, according to Financial Tribune.

 

Mohammad Baqer Nobakht Iran private sector Iran Development Projects Iran Abandoned Projects