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Iraq is pushing ahead with plans to build 1,000 schools under an agreement with Chinese companies but the project is delayed by the war in Ukraine, an official has said.
Chinese firms agreed to construct the schools in Iraq’s 15 governorates under their 2019 oil-for-projects accord which stipulates supplying companies from China with crude oil in exchange for projects they undertake in Iraq.
The project to build 1,000 schools has achieved “good execution rates” but there are obstacles, said Nazim Hameedi, School Projects Director at the Iraqi Cabinet Secretariat.
“These obstacles include land allocation and logistics problems…most of these obstacles have been tackled except for funding from the executing companies due to the war in Ukraine…as a result Iraqi firms undertaking such projects for their Chinese partners are trying to seek domestic loans to complete these projects,” Hameedi told Aliqtisad News.
(Writing by Nadim Kawach; Editing by Anoop Menon)
