Foreign investors to build Abadan and Khorramshahr wastewater treatment plants

Business Materials 23 October 2013 13:24 (UTC +04:00)

Azerbaijan, Baku, Oct.23/ Trend F.Karimov/

Foreign investors will build wastewater treatment plants in Abadan and Khorramshahr, two cities in southwest Iran, the managing director of Khuzestan province's water and wastewater company Mohammad-Ali Sanieinejad is quoted as saying.

Building other wastewater treatment plants in five other cities of the province will be handed over to foreign investors, he added.

The private sector has established and operated modern water treatment plants in the cities of Abadan, Khorramshahr, and Hendijan, he noted.

Fifty-five water and wastewater treatment plans valued at 11 trillion rials ( $440 million) are being implemented in Iran, IRIB quoted Iran's water and wastewater engineering company's Managing Director Hamidreza Janbaz as saying in September.

The projects are being carried out based on BOO ((build, own, operate) and BOT (build, operate, transfer) methods, he noted.

No governmental budget has been used in the implementation of the projects, he said, adding that five other large projects will be implemented at a cost of €400 million.

The Islamic Development Bank (IDB) reported on Sep.5 that it issued $190 million worth of loans for a sanitation improvement project in Iran, while the Iranian government confirmed in April that $260 million worth of loans was received from the IDB.