$100m to Improve Border Water Management in Iran
Published on by Water Network Research, Official research team of The Water Network in Government
Iran Has Approved $100 Million to Improve Border Water Management, Hassan Qasemi, an Official with Iran's Agriculture Ministry Said
Qasemi said the money will be drawn from the National Development Fund, Iran's ISNA news agency reported on Jan. 21.The money will be used to enhance irrigation and drainage networks neighboring the country's border rivers, he noted.
He said that some $3 billion is projected to be spent on improving border water management systems.Iran's National Development Fund is worth about $62 billion.
Based on Article 84 of the Fifth Five-year Socio-Economic Development Plan (2011-2015), the National Development Fund was established to transform oil and gas revenues to productive investment for future generation.
Some 23 percent of the revenues from the mentioned sources went into the NDF in 2013. This share will reach 32 percent by the end of 2016.
Source: Zawya
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