The ratification of the capital increase road transport company to 25 billion dinars


History of edits:: 2017/2/14 17:37 • 61 visits readable


{Baghdad: Euphrates News}

Sadiq Minister Kazem transport cup erythema on increasing the General Company for Land Transport capital to become {25} billion dinars after it was {379} million dinars only.

According to general manager of the company's Chairman Mr. Abdul Amir Karim Muhammadawi "This steady increase which exceeded the {66} weakness did not come through borrowing from banks to finance its capital, given that this method is the usual and the least expensive to the most active companies in the region."

He added that "This is a paradigm shift came after strenuous efforts by everyone coming together and self-funded from revenues financed through strategic transport contracts concluded with a number of ministries and supervision of the border crossings" .anthy


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