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IDB approves €170m loan for Tehran wastewater project

Business Materials 6 August 2012 00:52 (UTC +04:00)
The Islamic Development Bank (IDB) has approved a 170-million-euro loan for Iran to establish wastewater treatment facilities in Tehran.
IDB approves €170m loan for Tehran wastewater project

Azerbaijan, Baku, Aug.5/ Trend F.Milad/

The Islamic Development Bank (IDB) has approved a 170-million-euro loan for Iran to establish wastewater treatment facilities in Tehran.

Tehran Water and Wastewater Company's managing director, Mohammad Parvaresh, told the Mehr News Agency that the sum will be spent to establish a wastewater treatment plant in the west of Tehran.

The managing director of Iran Water and Wastewater Engineering Company, Mehdi Samareh-Hashemi, said in November 2011 that the country received a 50-million-dollar loan from the World Bank in late October for implementing wastewater projects in northern cities.

Iran has already received $145 million from the World Bank for the Tehran wastewater collection system, he added.

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