Second: - The sectoral ministries and ministries of Kurdistan (with respect to projects the region) to oversee the implementation.


Third: - The Higher Committee determines Federal strategic projects of a sovereign nature and the endorsement of the Council of Ministers.


Article 9 - The Council of Ministers shall issue instructions to facilitate the implementation of the provisions of this Act, including the mechanisms for selecting the companies and the method of payment and guarantees provided to the implementing companies.


Article -10 - This law from the date of its publication in the Official Gazette.


Reasons


In order to implement strategic projects and reconstruction of facilities and infrastructure in a way that payment on credit, for the advancement of economic reality and the development of the Iraqi economy initiated this law.

Total cost of the proposed project:



That the total cost of the proposed development of the program in question is estimated to be more than 37000000000 billion dollars, as shown below:


Allocated for water projects and sanitation five billion dollars.


Allocated to health projects three billion dollars.


Allocated to education projects of five billion dollars.


Allocated to higher education projects and scientific research to create the 10 universities with internal departments and laboratories of all Iraqi universities to two billion dollars.


Earmarked for transportation projects to create ports and railways ten billion dollars.


Devoted to agriculture and irrigation projects for the construction of dams, land reclamation and extending channels and tackle desertification and agricultural inputs (machinery, sprinklers, watering systems) five billion dollars.


Allocated to projects border stations and a half billion.


Devoted to youth and sports projects half a billion dollars.


Devoted to the culture projects half a billion dollars.


Allocated for the construction of camps half a billion dollars.


Devoted to the building housing the poor to two billion dollars.


Foreign allocated for roads and a half billion.


Thus, the total 36.5 billion dollars.


Total cost of the proposed project: - (attached table for the second proposed amendment)


That the total cost of the proposed development of the program in question is estimated to be more than 40000000000 billion dollars, as shown below: -


Allocated for water projects and sanitation five billion dollars.


Allocated to health projects three billion dollars.


Allocated to education projects of five billion dollars.


Allocated to higher education projects and scientific research to create the 10 universities with internal departments and laboratories of all Iraqi universities to two billion dollars.


Earmarked for transportation projects to create ports and railways ten billion dollars.


Devoted to agriculture and irrigation projects for the construction of dams, land reclamation and extending channels and tackle desertification and agricultural inputs (machinery, sprinklers, watering systems) five billion dollars.


Allocated to projects border stations and a half billion.


Devoted to youth and sports projects half a billion dollars.


Devoted to the culture projects half a billion dollars.


Allocated for the construction of camps billion dollars.


Devoted to the building housing the poor five billion dollars.


Foreign allocated for roads three and a half billion.


Thus, the total $ 42 billion.

Article 5 - enjoys working for contractors covered by the provisions of this law, exemption from income tax resulting from the implementation of the project covered by the provisions of this law.


Article 6 - apply the privileges and exemptions provided in this law on the major and minor construction contractors executing the public sector or mixed or private Iraqi or foreign.


Article -7 - The ministries and departments not associated with the Ministry to submit proposals on projects to be implemented under this law to the ministerial committees sectoral and which holds the turn study and make recommendations thereon to the Council of Ministers, for the purpose of taking the necessary decision, to take into account those committees financial ceiling specified for each sector in the attached table of the law and the equitable distribution of projects to the provinces is part of a region and the region and taking into account the projects that exceed federal per region or province is part of a region.


The proposed amendment to Article -7 -


The ministries and departments not associated with the Ministry to submit proposals on projects to be implemented under this law to the ministerial committees sectoral and which holds the turn study and make recommendations thereon to the Council of Ministers for the purpose of making the necessary decision, to take into account those committees financial ceiling specified for each sector in the attached table the law and fair distribution projects to the provinces is part of a region and the Kurdistan region of 17% of the non-federal projects and taking into account the projects the strategy that exceed federal per region or province is part of a region.


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The Ministry of Finance to ratify all debts and guarantees the state as a result of the program orbit search and based on the provisions of paragraph 6 of section 10 of the Financial Administration Act and the Public Debt No. 95 of 2004.


Article 8 - companies committed to implementing projects run Iraqi labor in projects covered by the provisions of this law, a certain percentage depending on the nature of each project.


The proposed amendment to Article 8 -


The companies executing projects run Iraqi labor in projects covered by the provisions of this law, the highest percentage possible and depending on the nature of each project.


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Are selected companies with expertise and competence and on a competitive basis to ensure you get the best deals, including the best financing terms without intermediate companies.


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The Council of Ministers based on the recommendation of the Ministries of Finance and Planning approve the project and to develop appropriate mechanisms to implement what it is ratified by the Council.


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