Iran allocates $1.133b to Mehr houses water, electricity infrastructures

August 7, 2016 - 19:7

TEHRAN – Iran allocated 4 trillion rials (about $1.133 billion) to the water and electricity infrastructures of Mehr Housing Project, IRNA reported on Sunday.

Mehr Housing Project, which aims to build millions of residential units nationwide and stabilize housing prices, started in 2007 during the incumbency of former President Mahmoud Ahmadinejad.