$450m earmarked for urban renovation
Tehran Times Economic Desk

TEHRAN – Four thousand and five hundred billion rials (about $450 million) has been allocated to the renovation of cities across the country, the deputy minister of housing and urban development stated here on Thursday.

""The sum will be paid to renovate some 30,000 shaky houses nationwide,"" Islamic Republic of Iran Broadcasting quoted Ahmad Sadeqi as saying.

Nearly 19 million people live in insecure habitats and old houses throughout the country, he said, adding a national headquarters for reconstructing and reinforcing old and historic structures of cities is being established

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