Financial Tribune - As per the new budget bill for the next fiscal year, a total of 1,431 development projects at the provincial level and 302 at the national level are expected to be completed with the involvement of private or cooperatives sectors

About 6,000 national and 74,000 provincial projects have remained incomplete at various stages of development in Iran.

Insufficient budgetary allocation over the past few years has resulted in a slow injection of credit into these projects, prolonging the time and cost of completing them.

Current budgetary allocations indicate that 65% of the government’s development projects won’t be finished sooner than 12 years, the Persian-language daily Iran reported.

To tackle this issue, the government has proposed public-private partnership (PPP) plans for the fiscal 2020-21.

As per the new budget bill for the next fiscal year, 1,431 development projects at the provincial level and 302 at the national level are expected to be completed with the involvement of private or cooperatives sectors.