PremiumBank Maskan of Iran continues providing funds for National Housing Action Plan

Construction Materials 1 March 2022 11:19 (UTC +04:00)

BAKU, Azerbaijan, March 1

By Elnur Baghishov – Trend:

In total, the Bank Maskan of Iran has so far paid over 70 trillion rials (about $1.67 billion) to construction companies under the National Housing Action Plan in Iran, Managing Director of the bank Mahmoud Shayan said, Trend reports citing Iranian Ministry of Roads and Urban Development.

According to Shayan, a total of 314,136 people are registered at the Bank Maskan under the National Housing Action Plan. About 201,666 of them have paid money for the plan. The amount paid is about 129 trillion rials (about $3.07 billion).

The director also noted that about 58.9 trillion rials (about $1.4 billion) of the mentioned funds are in the Bank Maskan of Iran and are being paid to companies as construction progresses under the National Housing Action Plan.

Iran's Ministry of Roads and Urban Development is implementing the National Housing Action Plan. According to the plan, the heads of families must register and have deposits of 300 million rials (about $7,140) at the Bank Maskan of Iran.

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