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IDB, Ecobank allocate 377 million euros to Iran’s utility projects

Business Materials 12 March 2013 13:02 (UTC +04:00)

Azerbaijan, Baku, Mar.12/ Trend G.Mehdi/

The Islamic Development Bank and the Ecobank have allocated €377 million to Iran's water and wastewater projects, IRNA quoted Iranian water and wastewater company official Hossein Bonakdari as saying.

The IDB and the Ecobank allocated €342 million and €35 million, respectively, he noted.

He added that 8.75 trillion rials (about $714 million) worth of bonds were issued, a major portion of which were sold to finance water supply projects.

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