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IDB approves €240 million loan for Iran

Iran Materials 12 November 2011 12:21 (UTC +04:00)
The Islamic Development Bank (IDB) has approved a 24-million-euro loan for Iran to establish two wastewater treatment facilities in Tehran.

Azerbaijan, Baku, Nov.12 / Trend F.Milad/

The Islamic Development Bank (IDB) has approved a 24-million-euro loan for Iran to establish two wastewater treatment facilities in Tehran, Mehr news agency reported.

Tehran Wastewater Company's managing director, Asghar Riyazati, said that about $1.2 billion is required to implement the comprehensive plan of renovating Tehran's wastewater collection system and treatment facilities.

Earlier this month, the managing director of Iranian Water and Wastewater Engineering Company, Mehdi Samareh-Hashemi, told Fars news agency that the country received a 50-million-dollar loan from the World Bank in late October to implement wastewater projects in northern cities.

Iran has already received $145 million from the World Bank for the Tehran wastewater collection system, he added.

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