Iraqi ports achieve high completion rates in the implementation of investment projects

[yota691]

Iraqi ports achieve high completion rates in the implementation of investment projects

 

 

Economy News / Baghdad ...       General Company for Ports of Iraq achieved a high completion rates in the implementation of investment projects to the board of the Japanese loan. A statement by the flags of the Ministry of Transport, "Economy News" received a copy of it on Monday, "The General Company for Ports of Iraq ratios accomplish high in the implementation of investment projects to the board of the Japanese loan, where profits reached very high levels in many investment projects; to rehabilitate the port sector Iraq's second phase, and the creation of basins Alinvad a business floor of the pier service and the parking of trucks and the installation of the ship equipment. "   "We also contributed to the rehabilitation works of electricity, water and sewage services in the port of Khor Al-Zubair and commercial construction project ground equipment, marine and oil businessman sidewalk and pavement service and acts of maritime aid."   "The completion rate for the cumulative scheme since the start of the project the percentage of 7.24% and the cumulative actual achievement since the start of the project rate of 4.23%."   He pointed out, "it was the announcement of all tenders for all projects in the official newspapers and the website of the Ministry of Transport and the location of the ports company through public relations and media company," noting that "these tenders private Macs floor to the sidewalk service, has invited companies and contractors all of which apply to them the required conditions for the purpose of entering into the tender. "   It said the statement from the "Iraqi ports for the Japanese International Cooperation Agency (JICA) {} approval on the results of the study and analysis conducted by the ports and then announced a tender for the projects are then contracted with reputable companies to implement the projects."     mm
Views 18   Date Added 12/05/2016 - 10:54   Last updated 12/05/2016 - 15:13   No. Content 6026

[calkid11]

Thank you Yota 

[yota691]

Investment projects to increase revenues ports

 

 

7/12/2016 0:00  Expert: the completion of the port of Faw Iraq will be transferred to a new stage  BAGHDAD / Sabah / Farah pumice  After the General Company for Ports of Iraq achieved a high completion rates in the implementation of investment projects for the body of the Japanese loan, an economist predicted that next year will see an increase in fiscal revenue for ports after the completion of important projects, which contribute in supplying the state treasury and reduce the fiscal deficit in the budget. Statement of the Ministry of Transport pointed out that " the General Company for Ports of Iraq achieved a high completion rates in the implementation of investment projects for the body of the Japanese loan, as the achievement reached very high levels in many investment projects for the rehabilitation of Iraqi ports sector , the second stage, and the creation of basins Alinvad an Earth works service to the sidewalk and the parking of trucks and the installation of the ship equipment. " Rehabilitation services company also contributed, according to the statement, "in the rehabilitation works of electricity, water and sewage services in the Khor Al - Zubair port and commercial building project equipment terrestrial, marine and businessman oil sidewalk and pavement service and acts of maritime assistance , " noting that " the completion rate of the scheme cumulative since the start of the project , the percentage 7 0.24 percent and the proportion of Alanejazalfla cumulative since the start of the project rate of 4.23 percent. " Earth work sand noted that " it was announced all tenders for all projects in the official newspapers and the website of the Ministry of Transport and the location of the ports company through public relations  and media company , " explaining that "these tenders private Macs floor to the sidewalk service, has invited companies and contractors all who apply to them the conditions required for the purpose of entering into the tender. " The statement said " the Iraqi ports for the approval of the Japanese International Cooperation Agency (JICA) on the results of the study and analysis conducted by the ports and then announced a tender for the projects are then contracted with reputable companies for the implementation of the projects." Positive results amid these positive results, saw economist Saad Muhammadawi that next year will see an increase in revenue of Iraqi ports, especially after the implementation of dozens of projects , notably the construction of new berths at the port of Umm Qasr. Muhammadawi said "morning", to " the need to seek to attract investors to this sector and the granting of facilities for importers to monitor the work of the ports, in order to increase fiscal revenue." However ,the expert stressed that the "boom  - quality new Transitional will be realized in the event completed the port of Faw,  because it would be a link between  Asia and Europe, especially as the world began not depends largely on the Suez Canal , which is the most important focal points between the continents."

 

[Synopsis]

The article states, "Positive results amid these positive results, saw economist Saad Muhammadawi that next year will see an increase in revenue of Iraqi ports, especially after the implementation of dozens of projects , notably the construction of new berths at the port of Umm Qasr. Muhammadawi said "morning", to " the need to seek to attract investors to this sector and the granting of facilities for importers to monitor the work of the ports, in order to increase fiscal revenue." However ,the expert stressed that the "boom  - quality new Transitional will be realized in the event completed the port of Faw,  because it would be a link between  Asia and Europe, especially as the world began not depends largely on the Suez Canal , which is the most important focal points between the continents.""

Looks like a grandiose plan for maintaining the status quo?  I think not.  If this trade link is being established between Asia and Europe of this magnitude, Iraq would seem to need to be recognized as a full WTO partner.  To do that, seems Iraq needs an internationally recognized currency.