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|15 May, 2019

Iraq approves $113mln for Mosul reconstruction

Contractors to be informed on projects

15 May 2019
Iraq has approved 135 billion Iraqi dinars ($113 million) for reconstruction projects in Mosul, the latest installment allocated for the rebuilding of the war-battered Northern city, the local media reported on Wednesday.

The funds will be used for projects involving the rehabilitation of war damaged buildings and construction of houses for citizens made homeless by the hostilities three years ago, Aliqtisad News network said, quoting Mazahim Khayyat, who heads a "crisis unit" created by the cabinet earlier this year to oversee reconstruction of the Northern Nineveh governorate.

"We will soon hold a meeting with contractors wishing to undertake such projects to provide them with all necessary details," he said.

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At an international donor conference in Kuwait early last year, Iraq received funding commitments of nearly $30 billion although officials had hoped to raise $100 billion for rebuilding war-devastated areas, mainly Mosul.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)


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