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Iran finances major road projects in Afghanistan

Iran has allocated a grant of 60 billion rials (7.5 million dollars) to Sangan-Herat railway project which is currently under construction in Afghanistan, IRNA reported from Tehran on Saturday.

A report released by the Public Relations Department of the Ministry of Roads and Transportation on Saturday said that the project was launched in late March and is expected to be finalized by 2007.

Putting the credit required for the project in the current Iranian year (started March 20) at 100 billion rials of which 60 billion rials has so far been financed, the report added that 540 billion rials will be required in the coming years to continue the project.

Meanwhile, the Iranian ministers of commerce, roads and transportation as well as foreign affairs have approved the priority to be given to the project.

According to the report, Dogharoun-Herat road is expected to be implemented in a month, adding that the required expenses have also been financed by Iran on a non-return basis.

"Dogharoun-Herat and Milak-Zarang roads are among the projects which are currently under construction by Iran's non-return financial aid," it concluded.

... Payvand News - 8/22/04 ... --

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