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*US and British Firms Win $1.1b Contracts in Iraq

Eight more major deals will be announced in the coming days

US and British firms have won two contracts worth $1.1 billion to help rebuild Iraq, and Washington will award a final eight major deals to companies from countries that supported the war effort in the coming days.

On Wednesday, the Pentagon served up seven contracts worth over $120 million to US and British companies to manage the reconstruction projects in six sectors-electricity, public works, security and justice, transportation and communication, health and education and oil.

The US has pledged $18.4 billion for reconstruction in Iraq, more than a third of the $55 billion the World Bank estimates will be necessary to get the country back on its feet.

Special criteria such as technical merits and past experience was used to select successful applicants for the latest contracts from a combined list of 14 offers.

(Source: Gulf News)