18 July 2016 - 10:32
  • News Code: 265153
IMIDRO scheduled to Wrap up 34 Projects by Yearend

TEHRAN, July 18 (Shana) – Iranian Mines & Mining Industries Development & Renovation, known as IMIDRO, intends to carry out 34 mining projects by the calendar yearend to March 19 2017, a senior industrial official said.

Iranian Deputy Trade Minister and head of the IMIDRO Mehdi Karbasian said on Sunday that the projects will be completed with an investment of $7.2b. 

Addressing a mining conference in Tehran, the official said IMIDRO successfully carried out 14 projects remaining from the previous administration with an investment of $1.3b. 

"Furthermore, IMIDRO is working on 16 projects which it adopted over the past 2.5 years (since the beginning of the Rouhani administration)," he added. 

Karbasian said an investment of $50b is needed for obtaining the 8% economic growth that has been envisaged by the 6th five-year development plan. 

News Code 265153

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