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Municipalities: Steps to implement projects on credit payment is complete
3/23/2015
Cost of more than four billion dollars
Baghdad Mowaffak
lifted the Ministry of Municipalities and Public Works request to the Ministry of Finance for approval of a memorandum of understanding signed with the Chinese government to implement payment projects on credit cost of more than four billion dollars, at a time when confirmed the Japanese side agreement to cooperate with the ministry to implement projects in the manner itself.
A media adviser at the ministry Jassim Mohammed Salim said "morning": that the ministry is currently awaiting approval by the Ministry of Finance on the request from the ministry to approve the Memorandum of Understanding signed by the Minister of Municipalities and Public Works Abdul Karim Ansari during his recent interview to China included government approval Chinese projects Order-term cost of four billion and a half billion dollars.
He said the ministry will work after the Ministry of Finance approval to discuss with Chinese companies on projects that will be executed by the ministry, as the focus will be on the completion of infrastructure projects, water and sanitation in the provinces that need money huge superiority allocated to the ministry's annual budget, which this year did not allocate any funds for the implementation of new projects only to complete projects assigned from previous years.
He Salem said Minister of Municipalities and pointed out that Iraq is in dire need of international assistance in various fields to meet the challenges it faces in the security and economic sides, He pointed out that the economic crisis experienced by Iraq as a result of lower oil prices require a search for other sources of funding, so resorted ministry to adopt payment on credit method or obtaining loans.
The Minister of Municipalities Abdul Karim Ansari has signed a memorandum of understanding with the Chinese government at the beginning of this year include whereby the Chinese World Bank's state-owned financing infrastructure projects in Iraq in amounts of up to four billion and a half billion dollars can be increased by projects funded size.
In regard to irrelevant, Salem success confirmed the visit conducted by the Minister of Municipalities in the past week to Japan, where it was intended also to cooperate with Japanese companies to implement payment on credit projects, emphasizing the Japanese side agreement to discuss with the ministry on projects that wish to implement this way.
He said the ministry had already received over the past month and a delegation headed by Undersecretary of the Ministry of Trade and Industry of Japan, where he said Ansari during his meeting with the delegation's desire Government with the support of the private sector and make it a key partner in the development process of construction and urged Japanese companies to strongly enter the Iraqi market and the implementation of projects through investment or payment on credit.
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3/23/2015
Cost of more than four billion dollars
Baghdad Mowaffak
lifted the Ministry of Municipalities and Public Works request to the Ministry of Finance for approval of a memorandum of understanding signed with the Chinese government to implement payment projects on credit cost of more than four billion dollars, at a time when confirmed the Japanese side agreement to cooperate with the ministry to implement projects in the manner itself.
A media adviser at the ministry Jassim Mohammed Salim said "morning": that the ministry is currently awaiting approval by the Ministry of Finance on the request from the ministry to approve the Memorandum of Understanding signed by the Minister of Municipalities and Public Works Abdul Karim Ansari during his recent interview to China included government approval Chinese projects Order-term cost of four billion and a half billion dollars.
He said the ministry will work after the Ministry of Finance approval to discuss with Chinese companies on projects that will be executed by the ministry, as the focus will be on the completion of infrastructure projects, water and sanitation in the provinces that need money huge superiority allocated to the ministry's annual budget, which this year did not allocate any funds for the implementation of new projects only to complete projects assigned from previous years.
He Salem said Minister of Municipalities and pointed out that Iraq is in dire need of international assistance in various fields to meet the challenges it faces in the security and economic sides, He pointed out that the economic crisis experienced by Iraq as a result of lower oil prices require a search for other sources of funding, so resorted ministry to adopt payment on credit method or obtaining loans.
The Minister of Municipalities Abdul Karim Ansari has signed a memorandum of understanding with the Chinese government at the beginning of this year include whereby the Chinese World Bank's state-owned financing infrastructure projects in Iraq in amounts of up to four billion and a half billion dollars can be increased by projects funded size.
In regard to irrelevant, Salem success confirmed the visit conducted by the Minister of Municipalities in the past week to Japan, where it was intended also to cooperate with Japanese companies to implement payment on credit projects, emphasizing the Japanese side agreement to discuss with the ministry on projects that wish to implement this way.
He said the ministry had already received over the past month and a delegation headed by Undersecretary of the Ministry of Trade and Industry of Japan, where he said Ansari during his meeting with the delegation's desire Government with the support of the private sector and make it a key partner in the development process of construction and urged Japanese companies to strongly enter the Iraqi market and the implementation of projects through investment or payment on credit.
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