VOL. XLVII
No 18
03-May-2004
AID
IDB Grants Iran 39Mn Loan For Dam And Irrigation Project
The Islamic Development Bank (IDB) has granted Iran a 38.8mn loan over 15 years to help finance the construction of the Golverd Dam and implementation of an irrigation project in Neka in northern province of Mazandaran. Once it is constructed, the Golverd Dam will irrigate 19,000 hectares of regional farmlands and create around 6,500 job opportunities. Additional finance for the project which is expected to...
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