Government Advisor: The private firm managing the development road project is entirely Iraqi
Nasser Al-Asadi, the Prime Minister's Advisor for Transportation Affairs, explained on Friday the duties of the company managing the Development Road Project, stressing that this company will be 100% Iraqi and report directly to the Prime Minister.
Al-Asadi told the Iraqi News Agency (INA): "At the meeting of the Higher Committee for the Development Road, a study was conducted to establish a company, authority, or any legal formula for the Development Road Project, considering it a global project." He noted that "several possibilities were studied by the consultant and members of the Advisory Committee, and the conclusion was reached that there will be a private company to manage the project. It will be 100% Iraqi and will be responsible for all financial, engineering, economic, and investment aspects."
He added, "This company will be established under the Companies Law and will manage the project. It will not be affiliated with the Ministry of Transport. Rather, it will be an independent private company reporting directly to the Prime Minister. It will have its own laws and regulations and will be responsible for existing investments. If the project is offered as shares, this company will be responsible for the shares."
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