Iran seeks to lure private sector for renovation of urban areas (Exclusive)
Tehran, Iran, Feb. 24
By Kamyar Eghbalnejad – Trend:
Iran's government seeks to involve the private sector in the renovation of urban distressed areas, an official told Trend.
Deputy Minister of Roads and Urban Development Mohammadsaeed Izadi has said that his ministry seeks to get the private sector to implement the plans on the regeneration of distressed areas of the country.
Izadi who also serves as the Chairman of Iran’s Urban Development and Regeneration Corporate Holding Company added that his organization intends to encourage the private sector to carry out the required projects without getting budget from the government.
According to the official, the government through its draft budget has proposed to allocate 140 billion tomans (about $40 million) to the issue of the regeneration of the distressed areas.
He further added that the issue of the regeneration of distressed areas requires about $400 million and the ministry seeks solutions to obtain the fund.