Memoranda of Understanding for the implementation of projects deferred payment

1/14/2016 0:00

BAGHDAD - Wafaa Amer
Baghdad province signed memoranda of understanding with the competent international companies to implement a number of housing, roads, schools, health and infrastructure projects in a manner postpaid, revealing having to stop the completed projects by 80 percent because of the country's financial crisis.
Governor of Baghdad, Ali Mohsen al-Tamimi said in a statement »Sabah», that the capital is an urgent need to develop the service aspect and advancement after the cessation of a large number of important projects as a result of the financial crisis experienced by the country, noting that these projects are carried out to maintain according to the latest international standards, however, It stopped before completion after they have been exhausted, maintaining all amounts to Daha.obin that the province signed a memorandum of understanding with a number of representatives of Chinese companies, Thai and European to complete service projects in the capital in a way payment term, as well as discuss plans and projects of strategic and future in the areas of construction and reconstruction, noting that the province Baghdad is seeking to cooperate and contracting with major foreign companies competent in the field of reconstruction and construction to build a number of housing and infrastructure projects, as well as road projects, schools and water parks.
According to Tamimi that more than 700 projects vital sectors, such as building schools or roads or residential complexes, stopped for lack of financial allocation, he returned to work b »term» the most security for the implementation of these vital projects and duration record is good, especially that the province is keen to be concluded agreements that there are good legal experts.
In the same vein, he added that the province was forced to stop the projects up rates of completion to 80 percent because of the refusal companies implemented only after their financial dues, noting that the province and directed many direct calls for companies sober for the completion of projects not on the financial allocation, stressing the need for urgent to qualify for all projects and not only the implementation of new projects.