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Government adviser: Law lacks infrastructure statement seminal projects implemented
01/11/2012 0:00
Despite its importance in achieving sustainable development
BAGHDAD - Hussein Tgb Tamimi
stressed economic adviser importance law infrastructure in achieving sustainable development and its role in the economic advancement of sectors strategic, where lacks the country to such projects check service and well-being of the community, noting that this law should be directed towards the fields of would achieve economic feasibility in the long term.
said economic adviser Jacob Joseph Shonia, that law infrastructure must identify tracks according to plans prepared in advance address the problems of sagging economic ails service projects and productivity and that should do the intervention field support the local economy and the abandonment of some imported products adopted by our markets.
said during his speech at the economic forum that the law did not indicate projects seminal implemented where not attached to a list of projects which are estimated cost of 37 billion dollars and that meet the needs of Iraq, nominally the infrastructure needed to weaken this amount and strategic projects included in the plan National Development 2010 - 2014 is double that amount.
Shonia preferred not to specify a list of projects and commissioned, but defining the concept of infrastructure Abannay projects to be followed by the law. And that trade-offs are adopting Cash and prices subject to a payment term and determine the interest rate agreed upon. As the style payment term is one of the methods employed by States at the lack of adequate liquidity has to cover their development programs, and pointed out that the best approach from our perspective as far as it infrastructure projects
style (BOT) (build, run, transfer of ownership to the state) to achieve plans accelerated to raise the rates of economic growth.
continued has emerged the need for many of the world's developed and developing to adopt methods and new formulas for the implementation of economic projects and services, particularly infrastructure projects which require created and developed to financial investments large not available to governments of the short-term, opinion was is pushing the private sector (domestic and foreign) to contribute to the implementation of development plans, whether the implementation of new projects or rehabilitation What existing ones within the framework gives him more freedom and motivation has been named these agreements contracts franchise (Franchise) or service contracts.
pointing out that the concession contract is an agreement concluded between the state and one people or companies from the private sector and national or foreign shall create or rehabilitate project infrastructure expense and the assumption of his administration for a limited period under certain conditions and under the supervision and control of the state. After the completion of the establishment and construction of the project shall contractor management and investment, operation and maintenance during the concession period.
and collect income from service provision to the public to cover operating and maintenance costs and the payment obligations development and repayment of loans and interest and revenue remaining represents the Company's profit, after concession period is converted management and investment and operation of the project the first party (the government) without charge.
could say that concession contract is similar to contracts Musataha force in Iraq.
and explained that he lies the importance of this system to provide opportunities for the private sector to participate in the financing and implementation of public utilities (especially infrastructure projects) instead of draining the resources available to states and to allow the state directing these resources to sectors strategy may Atsthuy or unable private sector for implementation, as these contracts contribute to raising the energy staffing and operating the national economy and consequently reduce the pressures of unemployment and borrowing.
and benefits style concession contract said Shonia it is working on the creation of new jobs and reduce encumbrances for the general budget as they bear the private sector burden of financing the project and the risk run and support the private sector by giving opportunities to establish infrastructure projects and helping to transfer technology and knowledge of modern technology, as well as ownership of the project transferred to the State after the concession period and without charge (according to the agreement) and contribute to raising the efficiency of run public utilities through the acquisition of technical expertise.
As for the disadvantages of concession contracts, said The grant monopoly of the concessionaire to the detriment of users of the service, which requires the presence of a regulatory and supervisory to follow the contracted terms of moderation price and service performance specifications agreed upon. suggest such contracts usually controls to be observed and to serve the interests of both parties and all stakeholders.
indicating that the global applications for concession contracts were not limited to the application of this type of contract on developing countries or poor, but also included countries sophisticated and rich, including: America, Japan, China, Malaysia, Australia, Canada, Thailand, Turkey, Taiwan, Philippines, Iran, New Zealand, Saudi Arabia, Egypt, India, Israel, Croatia.
should be noted that the law infrastructure triggered controversy among political parties on the one hand and specialists on the other contributed to enrich the law especially visions economists and continuing assessments of this law varies on the table awaiting parliament voting on it and it would be useful to be for these observations ears to their importance in the exit Authority incomplete law aspects.
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