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Economy
Japan to offer $ 828 million loan to Iraq
29/05/2012 23:19:00

Baghdad (NINA) – Japan's government announced its intension to offer Iraq a $ 828 million

A statement issued on Tuesday, May 29, by the Embassy of Japan in Baghdad said, that the Government of Japan announced its intention to provide a loans totaling $ 828 million to Iraq for implementing 4 projects according to notes exchanged between Kenichiro Mukai, Charge d'Affaires ad interim of Japan to Iraq, and Rafea Al-Eissawi, Minister of Finance.

It added that the First project is a health reconstruction project aims at realizing fair distribution of health services across Iraq and strengthening its healthcare system through establishing new hospitals at the secondary level in suburban areas in the provinces of Thi-Qar, Basra, Salaheddin, Kirkuk, Diyala, Babil and Karbala.

The second project is a Communications network development for major cities, it aims at improvement of the communication environment as a basic industrial by developing Internet Protocol communication systems and Local Access Networks in major cities such as Baghdad, Basra and Mosul

The third project is the Basra refinery upgrading project aims at improvement in the quality of refined products and reduction of the supply-demand gap of oil products through strengthening the productivity of oil products, by installing a new fluid catalytic cracking complex in the existing Basra Refinery. .

The fourth project is the Baiji refinery-upgrading project; it includes engineering design to introduce modern process by installing a new fluid catalytic cracking complex in the existing Baiji Refinery in Salaheddin province. / End.

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