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bucheon bum
Joined: 16 Jan 2003
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 Posted: Wed Nov 01, 2006 12:37 pm Post subject: Bechtel Pulling Out of Iraq |
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Well one of the big contractors in Iraq is pulling out. Its contract was up yesterday. Apparently it has no interest in continuing its work in Iraq. 52 of its employees have been killed there as well.
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Bechtel Corp. went to Iraq three years ago to help rebuild a nation torn by war. Since then, 52 of its people have been killed and much of its work sabotaged as Iraq dissolved into insurgency and sectarian violence.
Now Bechtel is leaving.
The San Francisco engineering company's last government contract to rebuild power, water and sewage plants across Iraq expired on Tuesday. Some employees remain to finish the paperwork, but essentially, the company's job is done. |
Interesting bit:
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The U.S reconstruction push in Iraq is winding down. About $18 billion in funding that Congress approved three years ago was supposed to be spent or committed to specific projects by the end of September. Two of the U.S. government agencies that have overseen the work are scheduled to close shop early next year. The United States and other countries are discussing another round of aid, but if it comes, Iraqi ministries are supposed to take the lead on rebuilding.
"That's really an under-told story -- we've stopped the reconstruction," said Frederick Barton, co-director of the Post-Conflict Reconstruction Project at the Center for Strategic & International Studies think tank. "There are some things we're still finishing up, but we're wrapping up, and we're stepping back. It's really a tragedy." |
Full article: Bechtel Pulling out After 3 Rough years in Iraq |
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dogbert
Joined: 29 Jan 2003
Location: Killbox 90210
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| Posted: Wed Nov 01, 2006 4:34 pm Post subject: |
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| Bechtel has a reputation as one of the greediest contractors around. If they're pulling out of Iraq, the situation there must truly be unsalvageable. |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Wed Nov 01, 2006 5:07 pm Post subject: |
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Bechtel are not contractors in the "bucket and spade" sense, they are construction managers.
Dogbert is right; dire indeed for them to forgo profit. |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Fri Nov 03, 2006 5:14 am Post subject: |
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