Bechtel Wins 2nd Iraq Rebuilding Contract from U.S. AID 1/6/2004
Bechtel National Inc. defeated two other contenders to win a follow-on contract worth as much as $1.82 billion from the U.S. Agency for International Development to rebuild electric power, water, transportation and other infrastructure in Iraq. Parsons Corp. will be a subcontractor to Bechtel on the two-year contract, which US AID Administrator Andrew Natsios announced Jan. 6 in Washington. It will cover an estimated $1.675 billion in construction across several sectors, but the projects and the priorities will be determined by L. Paul Bremer, head of the Coalition Provisional Authority, US AID officials said.
Bechtel continues to work in Iraq on a US AID infrastructure contract that has grown to $1 billion. The two contracts will overlap in time.