Italy, Iraq, lent 400 million euros to support strategic projects
6.2.2012 | (Voice of Iraq) - Add Comment - Sumerian News / Baghdad announced the Ministry of Planning and Development Cooperation of Iraq, Monday, Italy for providing a loan of 400 million euros to support strategic projects in Iraq, as pointed out the Italian embassy in Baghdad to allocate 10 % of the loan to support the Christians in the country.
said Planning Minister Ali Yousef Shukri in a joint press conference held today, with the Italian ambassador in Baghdad, Gerardo Kranti, and attended "Alsumaria News", "The Italian government loaned Iraq 400 million euros to support strategic projects and projects of community Christianity in Iraq, "noting that" the loan will be repaid over eight years. "
The Shukri "The loan will support strategic projects, including the housing sector through the construction of housing units and low cost in the province of Nineveh to support the poor and the Christian community where the establishment of a university in the area Ainkawa" He pointed out "the loan will also support the archeological sites and the construction of the port of Faw."
For his part, said the Italian Ambassador in Baghdad, Gerardo Kranti "The loan will be allocated mainly for the rehabilitation projects, infrastructure and support human development in Iraq," noting that "the Italian government paid interested in supporting the Christian community in Iraq, by allocating 10% of the loan to it."
It was a delegation of 40 Italian company is chaired by the Minister of Economic Development Italian had visited Iraq to see the investment opportunities in, and especially in the oil and water resources, dams and roads. and signed the Ministry of Tourism and the effects of Iraq on 27 October of last year's 2011 memorandum executive with the Ministry of Culture and Heritage, Italian for the rehabilitation of one of the halls of the Iraq Museum and the training of the Iraqi High in the tourism sector. and declared the Union of Exporters and importers of the Kurdistan region on the twentieth of September in 2011 signed a cooperation protocol with the Chamber of Commerce Region Veneto Italian, confirming that the protocol aims to strengthen ties with Italian companies and encourage them to invest in the region. and signed the Ministry of Transport in August of 2010 a contract with the company Tkintl Italian design development of the draft port of Faw at a cost of six billion dollars and the duration of the implementation of the four years after completion of the completion of the final designs to him, while the ministry pointed out that the new port will absorb 70 million tonnes by container and 44 million tonnes for the goods diverse and who will fill the needs of Iraq to export and import through the year 2038. and won by a coalition of companies, Italy's ENI and Kocaz Korean and Occidental Petroleum of America to develop the Zubair oil field in Basra, which average reserves of four billion barrels, which is to lift production of the field of 195 thousand barrels per day to 1.2 million barrels per day during the six years to come.
It is noteworthy that the Foreign Relations Committee in the House announced in March of last year for the completion of the discussion of the draft contract law conventions and treaties, revealing the formation of a friendship Iraqi - Italian for the follow-up visit by a delegation of Italian Parliament to Baghdad.