Al-Kazemi’s advisor talks about the “Chinese agreement”: projects on the implementation list

Al-Kazemi’s advisor talks about the “Chinese agreement”: projects on the implementation list

09.28.2021 – 11:59

Al-Kazemis advisor talks about the Chinese agreement - projects on the implementation listBaghdad – people

Adviser to the Prime Minister, Mazhar Muhammad Salih, announced, on Tuesday, the details of the Chinese loan and the projects financed by it, while noting that discussions are continuing to determine the priorities of the projects covered by the loan.

Saleh said in a statement to the official agency, followed by “Nass” (September 28, 2021), that “the cooperation framework agreement between Iraq and China has become effective, and it took its first course through the legislation of the General Budget Law for the year 2021, when an amount of more than one trillion was approved. Dinars are implemented through the Chinese loan guaranteed by the Chinese Credit and Export Guarantee Agency (Sinosure).

He added, “There are important technological projects in the field of industry and motivating the wheels of the economy, which will be financed from the aforementioned allocation contained in the budget law in order to improve its productive efficiency, which means the start of the work of the framework agreement of cooperation between the two countries.”

And he added, “Work is still continuing to prioritize projects that Chinese government companies can advance in the form of direct implementation contracts in accordance with international best practices in contracting, and they are financed from the proceeds from the sale of Iraqi oil to the People’s Republic of China.”

He stressed, “The aforementioned agreement with China provided for allocating revenues of 3 million barrels of oil per month for the implementation of projects by Chinese companies at the request and selection of the Iraqi side in accordance with international standards,” noting that “work is underway between consultants and experts in the state apparatus to prioritize projects with prejudice to And the first direct priority in the life of the citizen and human development in Iraq.”

The Governor of Baghdad, Muhammad Jaber Al-Atta, revealed, earlier, that 4 sewage projects were included in the Chinese loan.

And the governorate stated in a statement, of which “Nass” received a copy, (June 13, 2021), that “there is a preliminary agreement between the Baghdad Governorate, the Ministry of Planning, and Chinese companies to refer important projects to approved Chinese companies for implementation,” noting that “the projects are Abu Ghraib sewers.” The Nahrawan sewage project, the Wahda sewage project, and the Sab` al-Bour sewage project.

Al-Atta indicated that he had held fruitful meetings with officials of sober Chinese companies, headed by the Chinese ambassador in Iraq, through which he identified actual steps in enhancing the commercial reality with the Chinese side, in a manner that achieves the national interest, noting that “all projects are eligible to be initiated.” There are no problems or overlaps between them.