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Tehran hosts PIARC finance and investment committee meeting


Tehran hosts PIARC finance and investment committee meeting

The meeting of the finance and investment committee of the Permanent International Association of Road Congresses (PIARC) was held on June 14-15 in Tehran.



Representatives from Spain, Italy, Germany, Austria, Hungary, the Netherlands, France, Japan, and Nicaragua participated in the meeting.



PIRAC is an international forum for the discussion of all aspects of roads and road networks. It was founded in 1909. The Association now boasts 120 government members worldwide.



On the sidelines of the meeting, Meghdad Rahimian, an official with the Iranian Transport and Urban Development Ministry, said Iran needs $3 billion annually to expand its roads network.