TEHRAN: Iranian parliament has approved a bill to issue $5.5 billion (150 trillion rials) fund for oil and gas development projects as well as complete semi-finished growth plans.
The development of joint oil and gas fields, the expansion of public transportation fleet, the establishment of water and waste water treatment facilities as well as power plants, and the construction of sport complexes have been prioritized.
Iranian Government Spokesman, Mohammad-Baqer Nobakht, said the administration of President, Hassan Rouhani, needs $400 billion to complete semi-finished development projects across the country.
There are 2,906 projects semi-finished nationwide, Nobakht added.
“We will allocate the lion’s share of the national development budget to completing the projects which are done by over 80 percent,” he said.
