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Economy News - Baghdad
Today, Tuesday, the government spokesman, Basem Al-Awadi, identified the most important strategic projects that the government intends to implement, and while detailing in numbers what has been included in the investment budget, it is expected that most of the costs related to the development road project will be covered through Arab, regional and foreign investments.
Al-Awadi said, “What is stated in the government program is binding on the government to implement, and Chapter 22 of it related to the implementation of strategic projects includes 4 paragraphs that include completing the implementation of the great Faw project and establishing the road and rail network for the Dry Canal, which the government called (the development road project) by linking neighboring countries with a port.” FAO".
He added, "The third point includes the establishment of a transformative plant for desalination of sea water in Basra, and fourthly, the development of integrated plans to start announcing investment projects and promoting the refineries and petrochemical industries sector."
And he continued, "The budget has allocated 47 trillion Iraqi dinars for the investment side, as 147 billion has been allocated to rehabilitate large hospitals in all governorates, 400 billion to implement the water desalination project in Basra, 600 billion to implement the fourth ring road project, 300 billion for infrastructure projects in Diwaniyah, and 107 billion to implement a project." Al Nebras Petrochemical Industries.
He stressed, "The allocations also included 280 billion dinars for the maintenance of power plants, a trillion dinars for the Development Fund, and 500 billion for the poorest governorates, as well as the allocation of sums for large investments through the path of development, the implementation of strategic projects, and the movement of lagging projects since the year 2005-2006, which amounted to more than 1450 projects that have been moved." And dealing with 450 of them during only 8 months of the life of the current government.
He pointed out that "the expected cost of the development path will reach 17 billion dollars, and we expect it to be covered by what will be allocated in the next year's budget, the date of its launch, and also through investments, and during the visit of the Emir of Qatar, Tamim bin Hamad Al Thani, the project was one of the most important issues that were discussed, and Qatar is open to contributing and we are Also, we are awaiting bids from a group of regional and other European countries, as well as China and the International Monetary Fund, and there is a conviction from the project supervisors that it covers a large part of the amount through investments.
Added 06/27/2023 - 6:44 PM
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