Middle East

Japan loan to build Iraqi ports

Dubai: The Japanese International Cooperation Agency (JICA) will provide a soft loan of $4.5bn to develop the power sector and port infrastructure in Iraq

The Ministry of Planning said that the 15-year loan period will see projects coordinated with JICA and other government entities

Abdul Zahra Al-Hindawi, spokesperson from the Ministry of Planning, said, “The most important of these projects is rehabilitation and development of some Iraqi ports and the construction of power plants in 2014.”

The construction of the Al-Hartha power station and rebuilding Khor Al Zubair port in Basra will be the first among the 15 projects, added Al Hindawi.  [27/03/14]

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