IDB Provides €1.27b In Loans For Iran Wastewater Projects

The Islamic Development Bank has allocated €1.27 billion in loans to Iran for implementing a number of wastewater projects, the Fars News Agency quoted Iranian National Water and Wastewater Company Deputy Director Hossein Bonakdari as saying on Tuesday.

The loan has been provided according to a deal for a period of three years, he said, adding that three projects are underway which have been financed by the IDB loans.

Meanwhile, Tehran Water and Wastewater Company Managing Director Mohammad Parvaresh said that the IDB will provide a €273 million loan by November 21 to carry out related projects.

He added that 50 trillion rials (about €3.2 billion) is needed to fully implement the projects.

Tehran Times