Basra demanding government financial bonds to implement projects 12/30/2015
Basra demanding government financial bonds to implement projects
12/30/2015 0 Comments
Demanded the Basra Governorate Council, on Tuesday, the federal government giving securities of funds amounting to $ 10 billion, among that these bonds will provide collateral to bring international companies to carry out projects in the province.
The head of the provincial council in Basra morning Albzona in an interview to the (long-Presse) , "The province of Basra administration wants securities from the federal government in order to bring international companies to work in the province government guarantees." He added Albzona that "the Basra owed the federal government nearly $ 10 billion accumulated from previous budgets and this represents our government We hope to give it to maintain even if in the form of securities.
"He pointed Albzona that" the province is keen on some of the money to walk some of its projects, and plans to implement a lot of projects through payment on credit and loans.
"The new head of the provincial council confirmed" in the case were given Basra that money, they can bring in large international companies for the implementation of projects in the province.
"The House of the province of Basra called in (21 December 2015), Prime Minister Haider al-Abadi, to grant the province," legal exceptions "to enable them to implement their projects Order forward, and what was described as the budget law Finance for the coming year 2016 as "shameful", counting the first Basra not to apply the law being financed 90% of the budget.