Italy to fund major Iraqi infrastructure projects
BAGHDAD, December 28, 2015
Italy is set to provide a $2.72-million fund to a United Nations agency to support the stability of Iraq and boost its civil infrastructure, said a report.
The grant is a part of an Italian pledge of $7.63 million to support the activities of stabilisation, which have been expended recently in Salahuddin, Diyala, Nineveh and Anbar provinces, reported the iraqinews.com, citing a UN statement.
The Funding Facility for Immediate Stabilization (FFIS) managed by UNDP aims to support rehabilitating civil infrastructure, launching of the local economy and boosting the government’s capacities as well as promoting community reconciliation in Iraq, the report stated.
These funds will go a long way to develop civil infrastructure including electricity grids, water facilities and public buildings, it added.