Iran needs some USD 24 billion to complete its railway projects in the next 8 years, Managing Director of Iranian Railways Mohsen Pour Seyed Aghaei said.
Relating to infrastructure projects, Deputy Director of Iran’s Construction and Development of transportation infrastructure company (CDTIC) said that the Astara- Bandar-e Emam Khomeyni railway project will come on stream in the next Iranian calendar year (to start March 21). “The railway connects northwestern Iran to southwest of the country,” he said.
“The projects have started,” he said, adding that some 170 trillion rials (some $5.31 based on exchange rate of US dollar at the free market) is needed to complete the projects.
The official went on to note that some 2,400 kilometers of the mentioned projects are high priority and will be completed in 3 years.
Iran is facing budget deficit in the current year due to falling trend of oil prices in global markets. This has caused the country to halt most of the construction projects.
A member of the Construction Commission of Iranian Parliament Alireza Khosravi told Trend Agency that next year’s budget plan envisages 480 trillion rials (USD 18.11 billion) for construction projects.
However, the MP said that the construction budget of next Iranian calendar year (to start on March 21) is not enough to finish the incomplete projects.
“In the current year, we had 3,000 incomplete projects, but we managed to allocate budget to only 300 of them,” he said.
Source: http://en.trend.az
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