Investment in infrastructure drives the economy

4/30/2016 0:00

BAGHDAD - Shatha Faraj
Specialists in economic affairs between the importance of infrastructure development and development to keep pace with population growth and urban development being one of the most prominent wheel drives the national economy.

A specialist in economic affairs Jamal al-Tai: »infrastructure projects is one of the ingredients key to the economic success of any country being affected in raising living standards and planning of the economy with modern technology, explaining: can their services to become more efficient and when the state resorts to build sophisticated and integrated infrastructure system keep pace population growth in the long term and are subject to sustainable development and on a regular basis and programmer with the allocation of funds from the general budget by establishing a sovereign development fund for the development of private infrastructure projects outside the main budget in both its investment and operational assignments.

The private sector has to involve in these projects in terms of maintenance, supervision and management, but must have a specific area of ​​freedom enables it to its management through the enactment of enabling the private sector to invest his money easily process laws, and if not possible, the state may resort to bring in foreign capital and investment for these vital projects with the help of solid companies that contribute to running the largest possible number of manpower. »

He said al-Tai «necessary to provide stability and power to operate equipment without wasting time and the government can invest these projects and be repayment for companies Order forward, stressing that the best solutions for the development of the infrastructure sector, or the government could resort to raising the proportion of collection and tariffs and fees for the sustainability of these projects and development ».
Terms feasibility
Turn Abdel Azim al-Khafaji, a specialist in economic affairs, he said: »The importance of infrastructure development in the process of investment in the economy, they constitute the foundation stone for economic independence».

He said al-Khafaji, «we must invest infrastructure, but must secure the most important condition for the success of the approach is transparency in the selection of companies under the terms of the economic feasibility».

In the same context, the competent Hassan al-Janabi: The «said the infrastructure to facilitate the transfer of raw materials and manpower to the factories movement as facilitate the transfer of the product to the internal and external market and thus enter the difficult money to the country to strengthen the economic foundation of the state through increased economic and pension welfare of the state and society«.
He pointed out that »any production process can not be moved from its place without the presence of infrastructure and that if they were developed, they reduce production costs is reflected in the product's ability to compete with a similar product because it is more quality and less expensive.

Launch liquidity
For his part, called on the concerned economic affairs Taha Khazraji to promote inward investment and to move capital and not to fall into the trap of lack of liquidity of investment to be part of the private sector system for the consolidation of the public sector in the issue of labor and getting rid of unemployment to be a valuable clean and distant environment for corruption to turn strengthens The concept of social justice ».
He Khazraji «Investment infrastructure is a process optimization in order to move the economy especially as it is a semi parked, as well as that Iraq recently began depends on rents sole which is oil and the recovery of any state gets in the growth of its economy and cultivating self-sufficiency with the benefit of tourism and the effect involves».

State responsibility
Lucknow academic Falah al-Baghdadi said: «certainly the largest and most powerful state party able to invest in infrastructure which is the exclusive responsibility of them.»
He said al-Baghdadi «be investment in infrastructure through the development or expansion of what flows into the national economy and encourage capital and corporate owners to invest in several areas where all industries and projects can not work unless there is an infrastructure solid and strong and sophisticated being granted confidence and encourage the owners of the money to invest in your country and in different areas.