For the first time ... Kurdistan borrow $ 34.8 million from the UK directly

12/09/2016
BAGHDAD / Sky Press
It announced that the Kurdistan Regional Government, on Friday, for it had reached an agreement with Britain, which granted a loan will cover the cost of projects to repair water and sewage projects in Sulaimaniyah and Arbil. The presidency said the provincial government said in a statement received by "Sky Press," that "the government reached an agreement with the agency and the British Government UKEF lending in order to secure the cost of the British Water Engineering company Biwater in order to address the water and sewer problem in the cities of Arbil and Sulaymaniyah. The statement said that UKEF announced its agreement to grant an amount of 34.8 million US dollars loan to the provincial government as a first stage of the project of water and sewage in Erbil and Sulaymaniyah. The statement added that in 2015 entered into a contract with that company at $ 1.2 billion, pointing out that the first loan received by the government under Law No. (7) for the year 2015, which aims to attract capital by borrowing. The statement noted that this agreement will contribute to reducing the heavy load on the water at the same time will reduce the reliance on groundwater in the region. The statement also said that as part of this agreement, it will be a sophisticated projects "water units," which accommodate 600,000 cubic meters of water in Arbil as well as processing and securing advanced machines for wastewater treatment plants as well as restoration and repair of water treatment units. In this regard, the President of the Kurdistan Regional Government Naچervan Barzani stressed that this agreement is an important step towards the development of the daily life of the inhabitants of the cities of Arbil and Sulaimaniya, pointing out it was the first time that the British government has granted loans to the provincial government to develop its infrastructure. And at the same level statement quoted the minister as saying the investment trade affairs in this regard that this is good news for the British company Biwater and exports, expressing his happiness to do UKEF securing the cost of this decade. He added that this project will be of great benefit to the Kurdistan region, adding that he will provide great opportunities for British companies. The Kurdistan Regional Government announced, on Thursday, it would take a position on the federal budget for 2017, noting that Baghdad did not Tstcherha When you put the terms of the resolution. The House of Representatives voted, On Wednesday, the Article 9 - Fifth Amendment clause concerning the allocation of a percentage of the Ministry of Defence allocations to the Peshmerga as part of the Iraqi system to ensure the salaries of the Peshmerga and coordination between the General Command of the Armed Forces and the leadership of the Peshmerga.

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