Iraq News - Local News - Baghdadpost

Iraq needs $88bn for reconstruction, Salman Jumaili

Salman al-Jumaili
Iraqi Minister of Planning Salman al-Jumaili
Iraqi Minister of Planning Salman al-Jumaili said on Tuesday that his country needs $88 billion for reconstructing the areas affected by the war against ISIS terrorist group.

On the sidelines of the international conference on cooperation in the infrastructure sector here, Jumaili stated that the Iraqi housing sector is the most affected by the war against ISIS.

Up to 150,000 residential units were damaged in the ISIS-controlled areas, he indicated.

These areas need around $15 billion to be reconstructed, he pointed out, adding that his country is planning to launch infrastructure projects at a total cost of around $5billion as part of the 2018-2022 development plan.

In 2014, ISIS took control of a number of Iraqi governorates, inflicting heavy damage on public and private property.

In December 2017, Iraqi Prime Minister Haider al Abadi declared final victory over ISIS after Iraqi forces drove its last remnants from the country, three years after the militant group captured about a third of Iraq’s territory.