Housing, transport sectors lean towards stock market

Financial Tribune – The Ministry of Roads and Urban Development plans to tap the existing capacity of Iran Mercantile Exchange to fund projects in the transportation and housing sector, an official with the ministry said.

“Over the past ten months we had meetings with the Securities and Exchange Organization to study stock market capacity in financing housing and transportation projects,” Amir Mahmoud Ghaffari was quoted as saying by the Road Ministry news portal.

According to Ghaffari, both sides agreed to set up a mechanism based on which the IME will help fund infrastructure projects in the two key sectors.