Apr 07 2012
|more articles from|
More Funds for Transportation Infrastructures
Some 25 trillion rials ($2.5 billion) in credits have been made available to establish transportation infrastructures in the current Iranian year (started March 20), showing a 35-percent growth compared to the figure for the same period last year.
Managing Director of Transportation Infrastructure Construction and Development Company Ahmad Sadeqi said that about 17 trillion rials ($1.7 billion) were earmarked for the construction of highways, freeways and railroads in the country in the past year, IRNA reported.
The official added that 2500 kilometers of freeway, 8,500 kilometers of railroads, 5,000 kilometers of highways and 10,000 kilometers of main roads were built during the period.
Around 180 trillion rials ($18 billion) in funds procured from issuing participation bonds, selling the shares of the state-run organizations and extending low-interest loans were allocated to the implementation of transportation projects.
The official hoped that the trend will continue in the current year.
Sadeqi added that implementing the construction project of Gorgan-Azadshahr-Bojnord Highway is among the top priorities of the ministry, announcing that a major part of the highway is expected to become operational by March 2013.
© Copyright Zawya. All Rights Reserved.
People Who Read This Also Read
- College student snares record long Burmese python near Miami
- What's in a name? U.S. starts using Myanmar as well as Burma
- Marijuana waste helps turn pot-eating pigs into tasty pork roast
- Man climbs onto dome of St Peter's to protest Italian politics
- Prague metro plans to launch love train for singles
- There's More