Latest topics
Ministry of Planning: Six thousand projects suspended, some of which are 90 percent complete
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Ministry of Planning: Six thousand projects suspended, some of which are 90 percent complete
09/17/2020
Economy News _ Baghdad
A spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, explained, on Thursday, that about six thousand projects have been suspended since 2008, some of them completed by 90 percent, explaining this by several factors, most notably the lack of financial liquidity.
Al-Hindawi said in a press statement, "It was hoped that these projects would be completed if sufficient funds were available, as it was expected that such funds would be available in light of the high oil prices that covered consumer and investment spending in previous governments, but Iraq, years later, faced The double crisis represented by the emergence of (ISIS) and the dramatic drop in oil prices. "
He justified that by saying that "this crisis led to the stopping of quite a few of them approaching about 6 thousand projects, which forced the Council of Ministers at that time to issue a decision to suspend projects for which no financial allocations could be provided," noting that "this stoppage had negative effects on Those projects, which caused a state of extinction for these projects, which increases the percentage of loss. "
Al-Hindawi explained that "there are many issues that resulted from the failure to complete these projects, which are the financial amounts that belong to the contractors, which amount to about 4 billion dollars." Achievement rates for some of them to 90 percent. "
https://economy-news.net/content.php?id=21885
*****************
>>>TNTBS's YouTube Channel<<<
RamblerNash- GURU HUNTER
- Posts : 24270
Join date : 2015-02-19
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sun May 05, 2024 11:37 am by kenlej
» Go Russia
Sun May 05, 2024 10:51 am by kenlej
» Textbook Tony
Mon Apr 29, 2024 4:13 pm by Mission1st
» The Rockefellers and the controllers are freaking out right about now
Fri Apr 26, 2024 11:16 am by kenlej
» Phony Tony sez: Full Steam Ahead!
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej