EghtesadOnline: A total of 118.18 trillion rials ($872.17 million) have been allocated for the transportation sector in the next fiscal year's (March 2020-21) budget bill, of which 95.3% will be spent on development projects and 4.7% on operating expenses.
The figure shows a 34% increase compared with the budget law of the current year (March 2019-20), a report by Majlis Research Center shows.
However, given the 36% average annual inflation of the current year, the transportation budget is contractionary, Financial Tribune reported.
Railroads will account for the lion’s share of transportation budget i.e. 36.2% next year.
A total of 37.44 trillion rials ($276.3 million) have been allocated for 54 rail projects, indicating a 40.8% growth compared with the current year’s budget.