Chinese Government provides RMB 1.5 billion loan for Phase I of Main Irrigation And Drainage Network of Khuzestan Province (Linked to Record ID#66925)

Chinese Government provides RMB 1.5 billion loan for Phase I of Main Irrigation And Drainage Network of Khuzestan Province In 2014, the Chinese Government reportedly provided a term loan worth RMB 1.5 billion to Khuzestan Water & Power Authority for Phase I of the Main Irrigation And Drainage Network of Khuzestan Province Project.

This project consists of 12 irrigation and drainage subprojects — covering 163,500 hectares — mainly in Khuzestan Province.

According to a report by the Islamic Republic News Agency (IRNA), 20 cities in Khuzestan province and four cities in Ilam province were to be covered within the scope of phase I. The project as a whole is expected to cost RMB 4 billion and the Chinese Government is expected to fund 85% of it. The Jahad Nasr Institute was entrusted with overseeing the project.

Phase 1 began in 2013 and was expected to be completed in 48 months. According to the IRNA report, the project was completed by the end of 2017.

In 2019, the Chinese Government also provided an RMB 1.7 billion term loan for Phase 2 of the Main Irrigation And Drainage Network of Khuzestan Province Project (captured in Record ID#66925).