Many global companies have begun to flow to Iraq in search of a win contracts for reconstruction projects, has signed a national body of the Iraqi Investment, signed a contract with South Korea's Hanwha Corporation for the implementation of infrastructure projects to complex Basmajh residential southeast of Baghdad at an estimated cost of about $ 2 billion, that the projects completed during the the next five years. Basmajh city located to the south-east of the capital, Baghdad, about 10 km from the city limits on the link between Baghdad and Kut road, says the Iraqi Investment Authority, it will create a second highway linking the new city of Baghdad city center to provide all the services. And Iraq had signed in May 2012, the final contract with South Korea's Hanwha Corporation for the construction of residential complex Basmajh by 100 thousand housing units at a cost of $ 7 billion in the project plans for the construction of one million housing units across the country to reduce the housing crisis.
Said Sami al-Araji, head of the investment on the sidelines of signing the contract in Baghdad that "the Commission has resorted to signing a contract with the Korean infrastructure projects after the company that the relevant ministries unable to implement the project after it was referred in 2012".
"The signing of the contract infrastructure with the South Korean company Hanwha complex Basmajh residential project is the most important phases of the project."
He stressed that "Hanwha Corporation will implement 16 infrastructure project, involving 15 health clinics and a hospital with a capacity of 400 beds and 300 schools, starting from the nursery and ends to the secondary, and police stations and civil defense and sports forums and Recreational Centers, in addition to the services the main, a water and sanitation, electricity, gas and telecommunications."
The Wasit province has signed last week, signed a contract with a French company to create four bridges over the Tigris River in a manner payment on credit.
Taha said Rudaini media director to maintain the governor of Wasit owner Saidi signed a contract with French director Philippe Mater Mater company to create four new bridges on the Tigris River, 0.3 of them in the district of Kut center and a bridge in the Fourth Azizia spend north of Kut.
He added that in the case of bridges will be completed to ease traffic congestion in the city.
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