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Persian Today: Monday, September 24, 2018 Search
7,000b rials of bonds for expansion of Tehran subway system 7,000b rials of bonds for expansion of Tehran subway system


Tehran Mayor Mohammad Ali Afshani said 7,000 billion rials worth of bonds will be allocated to finance construction and expansion of lines 6 and 7 of the subway system.
Addressing Tehran City Council, Afshani said municipality's sustainable revenues' bill has been approved by cabinet member, expressing hope that the Iranian parliament also ratifies the bill in near future.
He added that once the bill becomes law, the share of municipalities in the Value Added Tax( VAT) will be increased.
As per the bill, 50 percent of value-added tax would be allocated to municipalities and the rest would be to paid to government.





Tehran municipality, Public & International Relations Department
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