Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
A second tranche of a World Bank loan to Iraq, amounting to $741 million [890 billion Iraqi dinars], will be allocated for the improvement of the country’s electricity sector, an Iraqi academician and economist said on Sunday. “The agreement between Iraq and the World Bank offered Iraq a $3.6-billion credit, the first tranche of which […]
Azzaman news agency reports that the Iraqi government has agreed to allocate $10 billion for the reconstruction of Sadr City, and that talks with international firms have reached an advanced stage. Sadr City is on the outskirts of Baghdad and is perhaps Iraq’s most impoverished town, but if the reports are correct is should become […]
The local administration in the province of Maysan [Missan] has reportedly agreed a deal with a Swiss-Russian firm to set up two power stations in the city of al-Amara, according to Aswat al-Iraq. “The Missan local government agreed today (Sept. 25) with Russia’s Wintercroft Capital to build two steam-operated power stations with capacities of 650 […]
Work has started on a bridge a linking Kirkuk to Mosul at a total cost of 6 billion Iraqi dinars [$5m], as part the Provincial Development Budget (PDB) for the year 2010, a local official in Kirkuk told Aswat al-Iraq news agency. “The Sadr al-al-Nahr bridge will link Mosul to Kirkuk in the district of […]
The Iraqi Council of Ministers has decided to increase the amount allocated to develope the Khaliss-Idhaim road by ID31 billion [$25.8m], bringing the total cost of ID40 billion [$33.3m], accordign to Aswat al-Iraq. “This road is both important and strategic because it links the mid and northern provinces of Iraq,” Dr. Ali al-Dabbagh (pictured), the […]
U.S. energy firm ContourGlobal is in talks with the authorities in the oil-rich province of Kirkuk regarding the construction of a 400-megawatt power plant, according to a report from Azzaman. Governor Abdulrahman Mostefa was quoted as saying that the plant would not be part of the country’s national grid as it wpuld be used exclusively […]
The Diyala State Company For Electrical Industries had sales of more than 4.12 billion dinars ($3.4 million) during August, according to a statement from the Industry Ministry. “The company has supplied the electricity distribution departments in Missan, Anbar and Diala with 308 generators to improve the performance of their networks,” said the statement received by […]
The Agricultural Initiative panel plans to spend roughly 225 billion Iraqi dinars [$190m] on agricultural irrigation in 2011, according to a statement issued by the panel on Thursday. “The Initiative’s executive director, Dr. Hussein Jabir, proposed to the water resources ministry some selected projects for the year 2011 and offered a brief study on each […]
Patrick Fitzgerald, director of the US Defense Contract Audit Agency, told the Commission on Wartime Contracting that his agency lacks the resources to track all the money being spent in Iraq. The Pentagon’s top auditor said on Thursday that there may not be enough auditors to oversee all of the billions of dollars being spent. […]
Spanish equipment rental company GAM (General de Alquiler de Maquinaria) has announced a major investment to enter the Iraqi market. Chief Operating Officer, Carlos Araoz, told IRN that the new depot in Erbil would be part funded using $20 million from an American source. "In Iraq I will not have Loxam or Lavendon competing with […]
The Iraqi government has purchased 500 power transformers from its Industry Ministry to upgrade the electricity supply in the Maysan province. “The total cost of the deal is around $4.4 million [5.3 billion Iraqi dinars],” the ministry said in a statement of Wednesday, according to Aswat al-Iraq news agency. It explained that according to the […]
A delegation from the South Korean STX company met officials from the State Company for Iraqi Ports on Wednesday to discus ways of boosting cooperation in the ship-building field, according to a report from Aswat al-Iraq. “The meeting ended with the agreement to send a delegation from the Iraqi company to Korea to benefit from […]
