Iran will spend 500 trillion rials (about $15 billion) for implementing development projects in the current Iranian calendar year, which began on March 21, Management and Planning Organization’s Director Mohammad Baqer Nobakht said.
Meanwhile, $1 billion from the National Development Fund (NDF) will be invested in industrial and agricultural plans, the IRIB quoted Nobakht as saying.
State-run organizations will spend a total of 1,000 trillion rials (about $30 billion) in the current year in infrastructure projects nationwide, he noted.
In June 2014, Nobakht said the government needs $400 billion to complete semi-finished development projects across the country.
There are 2,906 projects semi-finished nationwide, Nobakht added.
“We will allocate the lion’s share of the national development budget to completing the projects which are done by over 80 percent,” he said.