24 Apr 2024
Sunday 10 November 2013 - 13:38
Story Code : 63509

IMIDRO asks $5b loan from National Development Fund

IMIDRO asks $5b loan from National Development Fund
Tehran, Nov 9, IRNA Head of the Board of Governors in Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO), Mehdi Karbasian, said on Saturday that his Organization has sought a loan of $ five billion from the National Development Fund to finance its projects.

Talking to reporters, Karbasian said the loan request has been envisioned in the 1993 budget bill.

He said the loan will be repaid after after a four yearperiod.



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