EghtesadOnline: Khatam al-Anbiya Construction Headquarters, an Iranian engineering company affiliated to the Iranian Revolutionary Guards Corps, will operationalize 40 major development projects worth 1,180 trillion rials ($28 billion) in the current Iranian year (March 2018-19), the headquarters’ chief executive, Brigadier General Ebadollah Abdollahi said.

EghtesadOnline: The government has handed over 4,131 abandoned development projects to the private sector, the head of Planning and Budget Organization of Iran said.

EghtesadOnline: The government will have spent 374 trillion rials ($9.87 billion) in development projects by the end of the current Iranian year (March 20, 2018), says government spokesperson, Mohammad Baqer Nobakht, adding that 440 billion rials (11.6 million) of this sum have already been allocated.

EghtesadOnline: Under the administration of President Hassan Rouhani, as many as 6,661 development projects worth 90,240 trillion rials ($240.640 million) were launched across Khorasan Razavi Province, says deputy governor general of Khorasan Razavi, Mohammad Maqdouri.

EghtesadOnline: The Iranian private sector has invested 420 trillion rials ($11 billion) in Iran’s development projects since President Hassan Rouhani took office in 2013, according to the Minister of Roads and Urban Development Abbas Akohundi.

EghtesadOnline: Budget deficit is taking its toll on Iran’s infrastructure development, leading to under-investment and worsening recession in industries.