Some $5.7 billion worth of mineral projects incomplete in Iran
Azerbaijan, Baku, Oct.5/ Trend F.Karimov
The value of incomplete mineral projects in Iran reaches $5.7 billion, chairman of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Mehdi Karbasian has said.
The projects are related to nearly 60 mines in the country, he said, adding that IMIDRO needs $28 billion to implement its development projects by the end of the fifth five-year national development plan (2015).
A member of the Iranian parliament (Majlis) has said that some 20,000 projects across the country are semi-finished.
Kamal Alipour told Fars News Agency that no development project will be defined in the next year.
The Majlis has urged the private sector to cooperate for completing the semi-finished projects, he said.
In July, Iranian Deputy Industry, Mines, and Trade Minister Seyyed Alireza Shoja'ei said some 4000 industrial and mineral projects are underway in Iran.
The projects are 70 per cent complete, the IRNA News Agency quoted Shoja'ei as saying.
The projects will come on stream at a cost of eight trillion rials which is around $652 million based on the official rate of USD and $222 million based on the free market's price, he said.