Monday, May 21, 2007


$3 billion Karbala airport gets go-ahead

(IRAQDirectory) - Final approvals have been completed for the establishment of Karbala International Airport, as announced by the Board committee of reconstruction. Abdul Al al- Yasiri, head of the city council of Karbala, said that a Cypriot-British company specializing in building aircraft, made an offer to implement this project and a Kuwaiti investor indicated willingness to finance three billion dollars for it.
The implementing company expressed its willingness to bring in the biggest planes in the world within one year of starting the project. But the Kuwaiti investor said that there will be 11 taxes imposed on the airport, and expressed willingness to provide the necessary amounts to the company implementing the insurance with the city council and enter as a partner only for one of these taxes. Mr. Abdul Al al-Yasiri, head of Karbala City Council and Mr. Mohsin Al-Kinani, member of the Committee of Transport and Communications met the Adviser to the Prime Minister, Ali Saadawi, and reviewed the steps performed by the City Council in completing Karbala International Airport and the subsequent steps to find a financier to build the airport.
Al-Yasiri demanded during the meeting that the central government allocate a sum for the completion of this project so they won't have to turn to investment companies, since this project is a vital one which will bring substantial profits to the province. Also, ideas about investment and how to transfer control of the airport were discussed during the meeting.

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