Iranian transportation official concerned over spending plan

Business Materials 25 December 2016 14:17 (UTC +04:00)

Baku, Azerbaijan, Dec. 25

By Khalid Kazimov – Trend:

Iran needs to spend $3.6 billion on transportation projects over the coming fiscal year starting (March 21), a transportation official said.

Amir Amini, a deputy transportation minister, has said that the ministry for implementing development projects in transportation needs to allocate 120 trillion rials (about $3.6 billion) over the coming year, Mehr news agency reported.

The official added that this amount should be invested in constructing new roads and maintaining the existing roads as well as creating new small-sized airports.

According to the official, the country needs to construct 4,000 kilometer-long roads over the next Iranian calendar year.

He further expressed his concerns over proposed budget for his ministry saying the government’s draft budget is unlikely to meet the transportation sector’s needs.

Iranian President Hassan Rouhani Dec. 4 presented the government’s proposed budget bill for the next year.

The bill has envisaged allocating $2.4 billion rials to the transportation sector over the next year.

The government has also proposed to spend about $235.1 million (7.76 trillion rials) on railways.