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Iran allocates $1b to western provinces to join Iraq reconstruction

TEHRAN, Nov. 19 (Mehr News Agency) - The government has allocated one billion dollars to the five western Iran provinces bordering Iraq, to join the reconstruction process of this war-torn neighbor.

Iran's Interior Ministry announced that the government has allocated the fund to the provinces of Kermanshah, Ilam, Kordestan, Khuzestan and West Azarbaijan to be used in the projects aimed at reconstruction of Iraq, the Persian service of ISNA reported on Sunday.

At present, each province's share of the sum is set at $200 million, noted an official with the ministry adding that, however, based on the region's activities the figure will be increased.

He further commented that the related provincial officials would be able to participate in the neighboring nation's reconstruction efforts by employing expert and able contractors.

The funds have been provided from the country's Oil Stabilization Fund (OSF).

... Payvand News - 11/19/06 ... --

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