Bechtel Selected For Iraq Infrastructure Contract

For the first time in history, an American corporation will be rebuilding an entire foreign country.

1 minute read

April 18, 2003, 6:00 AM PDT

" The federal government on Thursday selected San Francisco's Bechtel Group for a $680-million contract to oversee the rebuilding of Iraq, a massive task that will involve everything from airports, schools, roads, bridges and railroads to power grids, water systems and sewers... The government said Bechtel will initially receive $34.6 million under the contract, which provides for up to $680 million over the next 18 months. But USAID officials said the total will be far higher. Experts say it will cost tens of billions of dollars to fulfill the agency's goal of creating 'the fundamental structures for democracy and economic growth.'"

Thanks to Chris Steins

FULL STORY: Bechtel Gets Iraq Contract

Friday, April 18, 2003 in The Los Angeles Times

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