Iraq signed a final contract with Japan on two loans worth $ 735 million

[yota691]

Iraq signed a final contract with Japan on two loans worth $ 735 million

 

Monday, June 29, 2015 14:34

 

 

 

 

Alsumaria News / Baghdad

The Ministry of Finance, on Monday, with Japan a final contract for energy and sanitation valued at $ 735 million, while the Japanese side confirmed that it was considering necessary to contribute to the reconstruction of the liberated areas plans.
 

Said Finance Minister Hoshyar Zebari at a press conference in the ministry building on the sidelines of the signing of the contract with the head of the Japanese Agency"JICA" Shuhei Hara and attended by Alsumaria News, said that " Iraq signed, today, with Japan once and for all on the two loans facilitators of energy and sanitation valued at $ 735 million "noting that" the first loan worth $ 450 million was allocated to electricity reconstruction projects from building power sub-stations in the center and south, and by concessional interest rates and repayment period of 20 years, including 6-year grace ".

 

 

Zebari said, "The second loan of $ 285 million will be allocated for the reconstruction of sanitation projects in Erbil," explaining that "the benefit of this loan will also be a facilitator and the period of repayment of 40 years including 10 years grace."
 

Zebari pointed out that "the Japanese government stood with Iraq and provided valuable and development aid since 2003 and until now, one of our key partners in the reconstruction of Iraq," pointing out that "loans, which was signed them today is 22 and 23 of the Japanese loan."
 

For his part, President of the Japanese Agency "JICA", Shuhei Hara, "The loan provided to project power in Iraq would improve power transmission and stability, especially in the central and southern operations," noting that the aid not only on humanitarian needs are limited, but on education and the provision of housing and preservation of cultural heritage. "
 

He said Shuhei Hara, that "Japan is also studying necessary to contribute to the reconstruction of the liberated areas plans."
 

It is noteworthy that the Ministry of Finance signed on 25 May, a preliminary contract with Japan on the two loans facilitators of energy and sanitation. 
 

And was signed by Transport Minister Baqir al-Zubaidi, Sunday (24 May 2015), for the second loan with Japan worth $ 325 million signatures, and among it would be dedicated to the development of the port of Khor Al-Zubair, he stressed that would be repaid over 40 years.

 

 

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06/30/2015 (00:01 pm)   -   the number of readings: 155   -  number (3399)

 

 

 

Iraq signed a contract with Japan on two loans worth $ 735 million

 

Baghdad / term 
 

The Ministry of Finance, on Monday, with Japan a final contract for energy and sanitation valued at $ 735 million, while the Japanese side confirmed that it was considering necessary to contribute to the reconstruction of the liberated areas plans.

Said Finance Minister Hoshyar Zebari at a press conference in the ministry building on the sidelines of the signing of the contract with the Japanese Agency "JICA" head Shuhei Hara and I followed the "long", he said that "Iraq has signed with Japan in the final two loans facilitators of energy and sanitation valued at $ 735 million," noting that "the first loan worth $ 450 million was allocated to electricity projects the reconstruction of the building sub-power stations in the center and south, and by concessional interest rates and repayment period of 20 years including 6 years grace." 
Zebari said, "The second loan of $ 285 million will be allocated for the reconstruction projects Sanitation in Arbil, "explaining that" the benefit of this loan will also be a facilitator and the period of repayment of 40 years including 10 years grace. " 
He pointed Zebari that "the Japanese government stood with Iraq and provided valuable and development aid since 2003 and until now, one of our key partners in re the reconstruction of Iraq, "pointing out that" loans, which was signed them yesterday is 22 and 23 of the Japanese loan. " 
For his part, President of the Japanese Agency "JICA" said Shuhei Hara, "The loan provided to project power in Iraq would improve the energy transfer processes and stability, especially in the center and south, "noting that aid not only on humanitarian needs are limited, but on education and the provision of housing and the preservation of cultural heritage." 
said Shuhei Hara, that "Japan is also studying the necessary plans to contribute to the reconstruction of liberated areas" is noteworthy that the Ministry of Finance signed on 25 May, a contract initially with Japan on the two loans facilitators of energy and sanitation. 
The Minister of Transport Baqir al-Zubaidi, Sunday (24 May 2015), the second loan with Japan worth $ 325 million signatures, and among it would be dedicated to the development of the port of Khor Al-Zubair , he stressed that would be repaid over 40 years.

 

http://almadapaper.net/ar/news/490836/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D9%88%D9%82%D8%B9-%D8%B9%D9%82%D8%AF%D8%A7-%D9%85%D8%B9-%D8%A7%D9%84%D9%8A%D8%A7%D8%A8%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D9%82%D8%B1%D8%B6%D9%8A%D9%86-%D8%A8%D9%82

 

[SnowGlobe7]

signed them yesterday is 22 and 23 of the Japanese loan. "

Read more: http://dinarvets.com/forums/index.php?/topic/204832-iraq-signed-a-final-contract-with-japan-on-two-loans-worth-735-million/#ixzz3eaDKDcYu

 

Why would Japan do this????

 

What do they know that we do not.....40 year repayment is a long frickin time

[Jaygo]

signed them yesterday is 22 and 23 of the Japanese loan. "

Read more: http://dinarvets.com/forums/index.php?/topic/204832-iraq-signed-a-final-contract-with-japan-on-two-loans-worth-735-million/#ixzz3eaDKDcYu

Why would Japan do this????

What do they know that we do not.....40 year repayment is a long frickin time

40 years worth of interest you can't be mad about.

[yota691]

Parliamentary Finance calling on the government to distribute the Japanese loan in accordance with the population density

Date: 01/07/2015 12:06

 

Information / special / .. 
the parliamentary finance committee called for Wednesday, the Iraqi government to the Japanese loan distribution in accordance with the density of housing and a commitment to the provisions of the Constitution and laws, refusing to put the interests of the region to the governorates of Iraq expense of the other. 
She said committee member MP Magda Abdel-Latif al-Tamimi told / information /, "The Japanese loan granted to Iraq since 2012 must be distributed according to population density planned for known and is 17%." 
She said Tamimi that he "may not be deducted a rate of the loan to the region by 37% and not 17%," asserting "The Finance Committee will hold a special meeting to discuss the issue of the Japanese loan and projects that will benefit from this loan." 
The Ministry of Finance signed, on the first Monday (June 29, 2015), with Japan a decade final energy and sanitation valued at $ 735 million, while the Japanese side stressed that studying necessary to contribute to the reconstruction of the liberated areas plans. Ended / 25 m

[yota691]

02/07/2015 00:16

Deputy: share of the Kurdistan Japanese loan of 17%

 

 

 

Stay away from political bids and make sure the information from official sources.

BAGHDAD / obelisk announced a member of the parliamentary finance committee Magda Tamimi, Wednesday, that the share of the Kurdistan region established in the Japanese loan contract of 17%, contrary to what was rumored. 

It said al-Tamimi said in a statement, "The cooperative agency of the Japanese loan (JICA) has agreed to give Iraq a loan of $ 3.5 billion divided on a range of loans," indicating that "the Minister of Finance signed two loans No. 22 and 23 and who was raised ado around them in the amount of $ 288 million stake province Kurdistan, and $ 450 million for the center and the provinces. "

She added that "those loans fall within the framework of the completion of the amount the original $ 3.5 billion," pointing out that "the region's share established in the loan 17% held compared to 83% the share of the center and the provinces, unlike the rumors that he took more than his share or 40% compared to 60% the center and the provinces. "

Tamimi called on "anyone who wants to make any statement in the financial affairs to make sure the information from official sources and move away from the political one-upmanship that raise Hvidh Iraqi street at this critical time."

And it signed the Ministry of Finance, in (June 29, 2015), with Japan a final contract for energy and sanitation valued at $ 735 million, while the Japanese side confirmed that it was considering necessary to contribute to the reconstruction of the liberated areas plans.