Two Iraqi road contracts worth US $70m awarded

by ArabianBusiness.com staff writer on Saturday, 21 March 2009

Two new infrastructure projects to build roads in southern Iraq worth over US $70 million (IQD81 billion) have been awarded by the local government.

In Missan province an unnamed local company has been awarded a US $3 million deal to build a 25km road.

“The road links Al Izair district to Qalaat-Salih suburb,” engineer Mohammed Chasib Al Mousawi told Aswat Al Iraq news agency.

Story continues below ↓

The project is expected to be completed within six months.

Meanwhile, a $67.5 million contract to build a major new road in Wassit province has been awarded to an unnamed local contractor, a Middle East digest reported. This project is expected to take two and a half years to finish.

Earlier this month, the Investment Commission in Missan reportedly signed a contract with a German construction firm for 2000 new housing units.
Missan, of which Amara is the provincial capital, holds some of the biggest and so far undeveloped oil fields in the country.

Chairman of the commission, Ali Warid, said he was keen to lure German firms to the province. “The investment environment in Missan is very suitable to German firms. We have a lot of oil, cheap and abundant labour and besides we generally trust German firms,” he told the local Azzaman newspaper.