Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Iran Gets $210 Million Loan for Water Project, Times Says

Aug. 6 (Bloomberg) -- The Islamic Development Bank approved a 170 million-euro ($210 million) loan for wastewater plant upgrades in Iran’s capital, the Tehran Times reported, citing Tehran Water and Wastewater Co.’s managing director.

The loan will be used to establish a sewage treatment plant in western Tehran, the executive, Mohammad Parvaresh, said without elaborating, according to today’s report. The greater Tehran area has a population of about 12 million.

Iran received a $50 million World Bank loan in October to help develop wastewater projects in northern Iranian cities, the paper cited Mehdi Samareh-Hashemi, managing director of the Iran Water and Wastewater Engineering Co., as saying.

To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net

To contact the editors responsible for this story: Randall Hackley at rhackley@bloomberg.net; Andrew J. Barden at barden@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.