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Infrastructure bill to parliament soon
25.09.2011
Ghassan Ali
Committee announced the economy and investment in the Iraqi Council of Representatives that the next two weeks will see a discussion of the draft law infrastructure in preparation for approval after making some amendments.
The Council re last month the bill to the cabinet after he objected to the project value of $ 70 billion.
The Member of the Committee on Economics and investment Rep. Nahida Daini that a new amendment occurred on the bill to become the total amount allocated for the reconstruction of infrastructure, $ 37 billion, and the payment method credit.
She Daini said in a statement made by Radio Free Iraq that these amounts will be distributed equally to all provinces of Iraq, focusing on areas disadvantaged, explaining that the money will be spent on housing projects, agriculture, transport, health and water projects, sanitation and clothing the streets.
to the reduced economic expert, Hilal Al-Tahan importance of the adoption of the law of the reconstruction of infrastructure, unless accompanied by a clear vision of how to provide the necessary funds to implement projects, calling on the Iraqi government to provide the amounts necessary for the reconstruction of infrastructure through loans from international organizations or friendly countries.
The miller difficult task of the Iraqi government in the provision of funds allocated to reconstruction projects, warned at the same time the risk of borrowing from the Central Bank because it would hurt the value of the Iraqi currency.
The Council of Ministers had approved the draft law rebuilding infrastructure two years ago and dedicated to his projects $ 70 billion, but the bill did not pass through the parliamentary session, the first and raised a lot of debate within the Parliament, as it coincided put forward with preparations for the parliamentary elections that took place in 2010, it , who promised him some political forces as electoral propaganda to Nuri al-Maliki.
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