Wednesday, May 16, 2007
Louis Berger, Versar Inc. awarded large contracts in Iraq
Contracts
(FedBizOpps) - Agency for International Development, Overseas Missions has awarded a contract for $342,901,758, for INMA (Growth) intended to improve agricultural productivity and provide agricultural business development services to USAID beneficiaries in the 18 governorates in Iraq.
(Washington Business Journal) - Versar Inc. has received $20.3 million in orders to provide management services to support the Army's reconstruction efforts in Iraq. The new delivery orders come from the first option year of Versar's existing contract to provide services for about 360 personnel involved in construction management in Iraq. The Army Corps of Engineers awarded the orders to Springfield-based Versar, a program management company.
Versar said that these delivery orders increase the company's work by nearly 50 percent from what was originally planned. The orders are expected to be completed by April 2008. Performing the work is VIAP, Versar's international division in Iraq. Ted Prociv, president and CEO of Versar (AMEX: VSR), said the company's work in Iraq should result in more business opportunities overseas.
Versar said that these delivery orders increase the company's work by nearly 50 percent from what was originally planned. The orders are expected to be completed by April 2008. Performing the work is VIAP, Versar's international division in Iraq. Ted Prociv, president and CEO of Versar (AMEX: VSR), said the company's work in Iraq should result in more business opportunities overseas.
Labels: Louis Berger Group, reconstruction contracts, Ted Prociv, USACE, USAID, Versar Inc., VIAP
Tuesday, April 17, 2007
Iraq has offered 12 reconstruction projects to international companies
Business, Reconstruction
(IDP) - As part of the Ministry of Industry’s programme to develop the sector and increase its capacity, Iraq has offered 12 projects to international companies. The projects are in cement, steel, petrochemicals, fertilisers, glass, paper, and automobiles. In a press conference, Minister Fawzy Al-Hariri said the foremost condition that must be met is guaranteeing the rights of the workers at these plants. This is the priority when coming to sign with a foreign investor. The Minster also detailed the estimated amounts required to revitalise each of the industrial plants.
The glass factory in Ramadi will need approximately US$50m, the petrochemicals production company will need approximately US$120m, the iron and steel company in Basra will need US$220m, and the four cement plants in west of Iraq, west of Mosul, Karbala, and Muthanna will need approximately US$360m. Al-Hariri also invited investments in the textile industry. The Minister stated that the investment period is between 10 and 20 years and that preference will be given to offers that best serve Iraq’s economic interests, the ministry, and the workers.
The glass factory in Ramadi will need approximately US$50m, the petrochemicals production company will need approximately US$120m, the iron and steel company in Basra will need US$220m, and the four cement plants in west of Iraq, west of Mosul, Karbala, and Muthanna will need approximately US$360m. Al-Hariri also invited investments in the textile industry. The Minister stated that the investment period is between 10 and 20 years and that preference will be given to offers that best serve Iraq’s economic interests, the ministry, and the workers.
Labels: Minister Fawzy Al-Hariri, Ministry of Industry, reconstruction contracts
