IDB approves €240m loan for Tehran wastewater projects

TEHRAN,Nov.13 (MNA) -- The Islamic Development Bank (IDB) approved a 240-million-euro loan for Iran to establish two wastewater treatment facilities in Tehran. Tehran Wastewater Company’s managing director, Asghar Riyazati, told that some 1.2 billion dollars is needed to implement the comprehensive plan of renovating Tehran’s wastewater collection and treatment facilities. Earlier this month, the managing director of Iran Water and Wastewater Engineering Company, Mehdi Samareh-Hashemi, told that the country received a 50-million-dollar loan from the World Bank in late October for implementing wastewater projects in northern cities. Iran has already received $145 million from the World Bank for the Tehran wastewater collection system, he added.