Pentagon Priming the Pump For the Flow of Cash to Iraq
Prospects are improving for firms angling for U.S. government funded Iraq reconstruction work. On Jan. 12, the U.S. Army Corps of Engineers selected 10 contractor teams to compete for forthcoming U.S. Central Command task orders that could total $10 billion over the next five years.
The Corps also expects to award by Jan. 17 two fllow-on contracts for Iraqi oil-sector infrastructure repair. The contracts, designed to replace an existing agreement with Houston-based Halliburton KBR, are expected to be worth approximately $2 billion, according to a Corps spokesperson.