Volume. 12234

Iran needs $400b to complete semi-finished development projects: official
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c_330_235_16777215_0___images_stories_edim_04_mg1(128).jpgTEHRAN – The administration of Iranian President Hassan Rouhani needs $400 billion to complete semi-finished development projects across the country, the vice president for planning and strategic supervision said on Monday.
There are 2,906 projects semi-finished nationwide, the Tasnim News Agency quoted vice president Mohammad-Baqer Nobakht as saying.
The administration has not initiated any project since President Rouhani took office in August, he added. 
“We will allocate the lion’s share of the national development budget to completing the projects which are done by over 80 percent,” he added.
It has been planned to finish 184 projects, which are complete by over 80 percent, and 62 projects which are complete by 20-80 percent in the next [Iranian] year, he noted.
He further said that the current calendar year’s budget bill has set the national development budget at 380 trillion rials (about $15.3 billion), a 33 percent fall year on year.
The current Iranian calendar year began on March 21, 2014. 

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