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World Bank invests $1.3bn in Iran's water, wastewater treatment projects

TEHRAN, Feb. 21 (Mehr News Agency) - The World Bank has invested $1.3 billion in nine Iranian water and wastewater treatment projects.

In addition to investing $1.3 billion in nine such projects, the WB is currently conducting some other similar projects in a number of Iranian provinces such as Mazandaran and cities like Shiraz and Ahvaz, the bank's representative in Iran's Water and Soil Comprehensive Plan said in Tehran on Wednesday.

Referring to the World Bank's cooperation in the completion of Alborz reservoir dam, being built in the northern province of Mazandaran, he commented that the first phase of the project has already been completed.

He also announced that despite some difficulties ahead, development of the project is expected to be finished within the seven years earlier estimated.

In addition to giving its financial supports for the development of a number of the economic projects in Iran, the World Bank also cooperates with the nation in many other areas including the exchange of the expertise and its dispatch of specialists and experts to oversee and help develop major projects.

... Payvand News - 2/22/07 ... --

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