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.
EghtesadOnline: The government can withdraw €3.4 billion from the National Development Fund of Iran in the next fiscal year (starts March 2020), to finance development projects.
EghtesadOnline: About 6,000 national and 74,000 provincial projects have remained incomplete at various stages of development in Iran.
EghtesadOnline: Petrochemical, fertilizer and refinery projects with annual capacity to manufacture 5 million tons are facing rough times and some have been put on hold as the water problems worsen.
EghtesadOnline: The Securities and Exchange Organization has given the go-ahead to the High Council of Free Zones to issue 3,000 billion rials ($26.2 million) worth of sukuk (Islamic debt securities) to finance development projects in Kish Free Trade Zone, which could rise to 10,000 billion rials ($87.3 million), Secretary of High Council of Free Zones Morteza Bank said.
EghtesadOnline: Oil revenues are generated from selling the country’s capital assets and should be spent on augmenting capital assets, such as development projects, the head of Plan and Budget Organization, Mohammad Baqer Nobakht, said.
EghtesadOnline: ICT infrastructure development projects worth 1.7 trillion rials ($15.5 million) were inaugurated in the northern provinces of Mazandaran and Gilan on Thursday.
EghtesadOnline: Iranian traders, industrial companies and exporters of engineering and technical services are ready to cooperate in the development projects of the member states of the Conference on Interaction and Confidence-Building Measures in Asia (CICA), President Hassan Rouhani said.
EghtesadOnline: The National Development Fund of Iran, the country’s sovereign wealth fund, has signed a contract with the Export Development Bank of Iran to augment development projects worth $230 million.
EghtesadOnline: A number of development projects worth 2.7 trillion rials (about $20 million) were inaugurated at Tehran’s Mehrabad Airport on Tuesday.