Arabic | Kurdish



U.S., Iraq sign USD3 bn memo for transport projects

2018/02/13 | 18:25

(Iraq Now News)-

U.S.

Secretary of State Rex Tillerson speaks during a press conference after talks with Chinese diplomatic and defense chiefs at the State Department in Washington, U.S.

June 21, 2017.

REUTERS/Kevin Lamarque

Baghdad (IraqiNews.com) The United States and Iraq signed on Tuesday a memorandum by which the latter receives USD3 billion in financial aid for transportation and other reconstruction-related projects.

The declaration, quoted by Sputnik news agency, was made by U.S.

State Secretary Rex Tillerson during a conference of donors to Iraq reconstruction which began in Kuwait on Monday.

Tillerson said the memo, signed by U.S.

bank Exim and the Iraqi finance ministry, provides for USD3 billion for transport and other projects in Iraq.

He said U.S.

firms had previously signed a deal worth USD2 billion for the Iraqi electricity sector, adding that another project worth USD350 million would see works starting soon.

Tillerson also reiterated the U.S.

commitment to supporting Iraq’s stability and voiced backing for the government’s declared fight against corruption.

Iraq has said it hopes to collect nearly USD100 billion to rehabilitate the infrastructure and economy of the country ravaged by a three-year war against Islamic State militants.

Iraq declared in December the recapture of all territories occupied by the group in 2014.

Note: The post (U.S., Iraq sign USD3 bn memo for transport projects) appeared first on (Iraq News Today) and do not necessarily reflect the position of IraqNow.news.
You can read the original text from the source (Iraq News Today).










Trending Now


⋙ Middle East issues take center stage at UN General Assembly

⋙ Breaking: Jihadist rebels launch powerful attack on Aleppo city

⋙ Iraqi activist who helped organise Basra protests shot dead

⋙ UNESCO urges nations to contribute for heritage revival in Iraq: Azoulay

⋙ Female activist involved in Basra protests shot dead

Videos - Photos

⋙ Erdogan criticises Security Council for serving interests of veto members (video)

⋙ Iran: 22 arrested over Ahvaz military parade attack (video)

⋙ Say cheese! Kurdistan voters will be photographed to prevent fraud


ISIS News

⋙ Erdogan criticises Security Council for serving interests of veto members (video)

⋙ Iran: 22 arrested over Ahvaz military parade attack (video)

⋙ People's trust foiled ISIS attempts to build new hosts: Abadi

⋙ Map Update: US-backed forces advance against ISIS in eastern Syria

⋙ US forces to remain in Syria to train locals after defeat of ISIS: Mattis

⋙ Hebrew press review: Netanyahu holds crisis meeting over Russia tensions

⋙ Gaza economy in crisis: World Bank report warns that it‘s in ‘free fall‘