...

Iran discloses amount of funds allocated for production facilities in Ardabil Province

Business Materials 18 August 2020 11:34 (UTC +04:00)
Iran discloses amount of funds allocated for production facilities in Ardabil Province

BAKU, Azerbaijan, August 18

By Elnur Baghishov – Trend:

About 30 trillion rials (about $714 million) will be spent on the construction of production and landscaping facilities in Ardabil Province (northwestern Iran) by the end of the current Iranian year (March 21, 2021), Iranian Vice president and Head of the Planning and Budget Organization of Iran Mohammad Bagher Nobakht said, Trend reports citing the organization’s website.

Nobakht emphasized that of these funds, 20 trillion rials (about $476 million) will be spent on the improvement of 52 manufacturing enterprises whose construction is unfinished in Ardabil Province.

The official added that more than 11,200 people will be employed with the commissioning of these enterprises.

“In addition, 10 trillion rials (about $238 million) will be spent on 12 landscaping facilities in the province,” he said.

The vice president noted that the Ardabil-Mianeh railway is the focus of the Iranian government, and it will be commissioned in the next Iranian year (starts March 21, 2021).

The construction of Iran's Ardabil-Mianeh railway began in 2015. The 175-kilometer-long railway has 62 tunnels with a length of 23.8 km.

Tags:
Latest

Latest