Iran attracts US $450 million loan for local banks and private companies

Azerbaijan, Baku, Feb. 2 /Trend, A.Yusifzade /

Iran has attracted US $450 million short-term loan for local banks and private companies in the first eleven months of the current Iranian year (started March 21), Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) Director General Behrouz Alishiri said, Iran's Ministry of Economic Affairs and Finance reported.

Iran has attracted about US $2.7 billion of foreign investments in the first nine months of the current Iranian year (started March 21).

According to Alishiri, some 43 foreign investment plans have been approved with a volume of investment of US $3.8 billion since last February, which is forecasted to reach US $4 billion by the yearend (March 21, 2011).

"The figure stood at US $1,669 million in 2006, about US $1,669 million in 2007, about US $1,615 million in 2008, about US $3,016 million in 2009 and US $2,751 million in 2010," Alishiri added.

He also noted that his organization prepared 359 two-way economic reports, carried out international studies, held 26 economic and commercial working group meetings of the High Council of Expatriates, held 51 specialized meetings with economic activists stationed abroad and attended to 280 problems and requests of Iranians residing overseas.

Alishiri recalled that in the said period US $103 million was allocated for Kahir Dam, US $138 for supplying water from Kouchari Dam to Qom, US $200 million for Qom and Kashan wastewater projects, US $84 million for Khamroud Coal Project, $31 million for eastern Tehran silo, US $262 million for rural water and wastewater undertakings and US $7 million for completing Tehran's power transmission project within the framework of long-term facilities of the Islamic Development Bank (IDB).

"As a whole, IDB has provided some US $825 million of banking facilities for the said projects," Alishiri said.

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