The Islamic Development Bank announced $100,000 in feasibility study funding for a planned network of market complexes for farm produce during the fourth meeting of the Working Group on Infrastructure Finance in Iraq, held in Amman, Jordan on 26-28 March 2011. The meeting also set detailed timelines or defined initial measures to advance five other Government of Iraq (GoI) priority infrastructure projects towards financing. The other projects are the Grand Fao port, a network of abattoirs, a thermal electricity station at Yousifea, residential communities including service infrastructure such as schools and clinics, and a third train for associated gas treatment in the North Gas Complex.
The meeting featured case studies of successes and challenges in public-private partnerships (PPP) in the MENA region, Jordan and Iraq, and discussed the regulatory frameworks most conducive to PPP arrangements. The final declaration included calls for further moves towards legislative PPP frameworks as well as intensive training on related issues, the creation of a PPP unit within the Ministry of Finance, a broad study on infrastructure finance needs in Iraq, and more progress in identifying PPP or development bank loan opportunities for the priority projects. For more detail please click here