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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Parliament: Baghdad and Najaf metro plans are useless for investors

    Rocky
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    Parliament: Baghdad and Najaf metro plans are useless for investors Empty Parliament: Baghdad and Najaf metro plans are useless for investors

    Post by Rocky Thu 30 May 2024, 7:00 am

    [rtl]Parliament: Baghdad and Najaf metro plans are useless for investors[/rtl]

    Economy  ,  05/30/2024 10:42  Number of readings: 150 
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    [rtl]Baghdad - Iraq Today:

    Vice Chairman of the Parliamentary Investment and Development Committee, Hussein Al-Sabari, considered the studies and plans drawn up by the committees assigned by the government to implement the Baghdad metro and Najaf-Karbala train projects to be what prompted the Extension of the investment opportunity for an additional month, stressing that the required specifications are high and do not provide Economic feasibility for investors.[/rtl]

    [rtl]The Prime Minister had re-announced the investment opportunity for implementing the Baghdad metro project and the Najaf-Karbala train, for an additional month, to ensure obtaining offers from other companies and entering the competition with the only offer.[/rtl]
    [rtl]Al-Saabari said in a press interview, “One giant company applied to invest in the Najaf-Karbala train project, and there was a discrepancy between the study presented by the committee and the offer made by the company, which forced the government to extend the period of the investment opportunity and comply with the new offer made by the company.”[/rtl]
    [rtl]He added, “The study presented by the committees, which are not specialized committees, did not establish the economic feasibility that would attract investors, and the required specifications were much higher than what was required,” pointing out that “the company, in return , provided reasonable specifications to implement the project and establish its economic feasibility.”[/rtl]
    [rtl]Al-Saabari explained, “The government was forced to extend the investment opportunity, and placed it within the new specifications presented by the company, and not according to the previous specifications presented by the committees,” noting that “the Baghdad metro project was proposed by a Chinese company and another Qatari company, while a Spanish company applied to invest in the Najaf train project.” Karbala is the only one that applied for this investment opportunity.”[/rtl]
    [rtl]Regarding the possibility of direct contracting by the government with companies to implement these two projects, the Deputy Chairman of the Investment and Development Committee explained, “The project is not easy projects and is one of the giant, and this is clear from the investment opportunities that were presented, as no more than two or three companies applied, as they are “The financial and implementation capabilities of such projects cannot be borne.”[/rtl]
    [rtl]He stated that “the government may resort to direct contracting in the event of disagreement with these companies, but by offering the opportunity for investment there becomes a trade-off between the offers presented,” pointing out that “the government benefits more from the opportunity going to one company.”[/rtl]
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    [/rtl]

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