Al-Najjar reveals “one way” to finance infrastructure projects in Iraq
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The head of the authority, Suha Al-Najjar, told Shafaq News Agency, "Most of the previous infrastructure projects were financed through the budget and government funds, but today all contracts signed during the current year are financed by investment."
Al-Najjar added that "the authority grants the investment license to the winning company in order for the company concerned to finance through its own sources, and therefore the government does not bear any financial expenses for these projects," stressing that "these projects would make a qualitative leap in the service and economic reality of the country."
Al-Najjar pointed out that "the state signed a series of important contracts this year in the electricity sector through the field of clean energy, including the signing with Total, with Egypt-UAE and Norwegian Scatec," noting that "this would preserve crude oil and preserve the environment."
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