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.
Tehran Times
29 April
