Iraq signs $1 billion deal for water-systems reconstruction

BAGHDAD — Growing stability in Iraq is leading the country to invest in and modernize Baghdad’s dilapidated and damaged utility systems, Reuters reports. A troika of leaders — including a yet unnamed Iraqi-French company, the central government and Baghdad’s mayor — recently reached a deal to rebuild the water and sanitation infrastructure of the eastern Rusafa district.

“The government has agreed to award the tender of the Rusafa water project to an Iraqi and French company,” a government press release reported. “The amount exceeds $1 billion and the capacity exceeds 910,000 cubic metres per day.”

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Source : Thompson-Reuters