Iran Gets $210 Million Loan for Water Project, Times Says
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 email@example.com