Ministry of Transport: Contracts signed with 4 international technical and economic companies regarding the development road
Minister of Transport Razzaq Muhaibis Al-Saadawi confirmed on Friday that the ministry is in the process of contracting with a third party to audit the technical company responsible for the Development Road project. He pointed out that this road is an integrated economic project targeting 8 sectors. Al-Saadawi told the official news agency that “the ministry has worked to overcome the challenges in the Development Road project by utilizing foreign expertise,” noting that “this project is strategic and large, being established for the first time in Iraq, and therefore there is a need for foreign expertise.”
He added that “the ministry sought technical advice from the Italian company (PTP), and also sought financial and economic advice from the American company (Oliver Wyman), and also contracted with the American company (KBR) to audit the advisor (Oliver Wyman),” noting that “the ministry is now in the process of contracting with an auditor or a third party to audit the technical company.”
Al-Saadawi also explained that “this road is an integrated economic project targeting eight sectors, and there are countries willing to participate in the project,” stressing that “there is a supreme committee and a body that is planned to be formed to manage the development road project.”
Burathanews.com