The Prime Minister, Muhammad Al-Sudani, sponsored this Sunday morning the signing of a pioneering agreement with the International Finance Corporation (IFC), to develop and rehabilitate Baghdad International Airport, where the Director General of the Civil Aviation Authority signed on the Iraqi side.
The Media Office of the Prime Minister said in a statement that "the agreement includes providing the international corporation with an integrated investment portfolio that includes how to expand, finance, operate and maintain the international airport, raise the efficiency of its facilities and safety factors, and upgrade its services to comply with international standards for airports in the world, through a specialized international company."
The statement added that "Prime Minister affirmed ; this agreement is one of a series of agreements that will be concluded with the private sector, which will take the role of partner in developing infrastructure for various vital sectors in Iraq, within an economic vision that extends to 2030, that enhances the infrastructure needed for the sustainable development of the Iraqi economy."
The Prime Minister stressed that the government has given importance to the Baghdad International Airport file, because it represents a civilized facade that represents Iraq and its people, and that falls within the framework of an integrated vision that includes all airports and is also based on diversifying means of transportation and interconnection with countries in the region and the world.
The agreement includes that the International Finance Corporation, a member of the World Bank Group, provide consultations on the path of developing the role of the private sector, and strengthening its entry into the arena of public services in partnership with the public sector and sectors facing future challenges.
It is noteworthy that the International Finance Corporation has pioneering experiences in the region and the world in the field of airport rehabilitation, as it previously supervised the development and expansion of the most important airports in the Kingdom of Saudi Arabia and Turkey, as well as Queen Alia International Airport in the Jordanian capital, Amman.
Source: National Iraqi News Agency