$65b+ postpaid plan to rebuild infrastructure – spokesman

BAGHDAD / IraqiNews.com: The cabinet approved a draft law on a postpaid plan of $65.765 billion to rebuild Iraq’s infrastructure and service sectors, according to the Iraqi government’s official spokesman Ali al-Dabbagh on Friday. “A cabinet meeting today (April 24) was concluded in an agreement to propose a draft law allowing the government to sign contracts to carry out infrastructure projects in the domains of housing, water, sewage, education, transport, communications and agriculture,” said Dabbagh in a statement received by IraqiNews.com news agency. He said the move comes upon the instructions of the prime minister to benefit from offers by countries and corporations to set up major ventures for the Iraqi government within the framework of a postpaid system plan. “According to the agreement, $25 billion will be allocated for housing projects, $5.539 billion for water and sewage, $3.725 billion for health, $1.745 billion for education. $2 billion for higher education and scientific research, $9.34 billion for transport, $0.595 billion for communications and $17.812 billion for agricultural projects,” added Dabbagh. AmR (P) 1