Iraq has decided to finance the reconstruction of the war-damaged civilian airport in the Northern Mosul city through a fund created after the end of internal hostilities instead of offering it to investors, an official was quoted on Sunday as saying. 

The second largest oil exporter in OPEC said in 2017 it would offer the project to rebuild and operate the airport in the devastated city to investors for lack of funds. 

There is a decision now to switch the project from the Nineveh governorate, of which Mosul is the provincial capital, to the Reconstruction Fund for Areas Affected by Terror Operations (REFAATO), Iraq deputy Ahmed Al-Jabouri said. 

"The project will shortly be the responsibility of REFAATO...rebuilding the airport will no longer be offered as an investment," he said, quoted by Aliqtisad News network. 

REFAATO was created nearly five years ago with the aim of coordinating funds offered by international donors for post-war reconstruction in the Arab country. 

Iraq received aid pledges of around $30 billion at an international donor conference held in neighbouring Kuwait in early 2018. 

(Writing by Nadim Kawach; Editing by Anoop Menon and Bhaskar Raj)

(anoop.menon@refinitiv.com)

#Iraq #Construction #Infrastructure

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