TEHRAN, May 7 (Mehr News Agency) -- According to a decree issued by President Mahmud Ahmadinejad, the building of the Tehran-Shomal (Caspian) Freeway should be completed within the next four years, noted on Saturday, Mostafa Miri, the project contractor.
He complained about the meager amount of Rls.130 billion earmarked in the current year's budget bill for the completion of the project and said that the huge project called for Rls.2000 billion of investment. He added that parts of the figure would be supplied through the sale of the government bonds to the public.
The fourth part of the project - the section between Marzanabad and Chalus in Mazandaran Province - is slated to come on stream by the year end (Iranian year ends March 20) and the rest three parts are expected to become operational in the next coming years, he maintained.
Only the building of the first 32 kilometers of the freeway - the distance between Tehran to Duab township - would lead to an annual saving of fuels worth over $40 million, he explained.
The building of the controversial freeway sometimes referred to as a national project is aimed at shortening the current distance between the capital to the Caspian Sea littoral cities.
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