Tehran, July 05: The Islamic Development Bank (IDB) has agreed to allocate 91 million euros to help implement a project to carry drinking water to the central city of Qom.
The loan offered by the IDB is part of a 325-million-euro budget needed to carry out the water project, Iran’s Finance Ministry declared.
The project, which aims at building a 175-km pipeline to carry water from Kouchari Dam to the city and surrounding villages, will take an estimated five years to complete.
The loan is to be repaid to the IDB over 15 years.
—–Agencies