Posted on 12/22/2004 2:12:31 AM PST by RWR8189
WASHINGTON — For the first time, a major U.S. contractor has dropped out of the multibillion-dollar effort to rebuild Iraq, raising new worries about the country's growing violence and its effect on reconstruction.
Contrack International Inc., the leader of a partnership that won one of 12 major reconstruction contracts awarded this year, cited skyrocketing security costs in reaching a decision with the U.S. government last month to terminate work in Iraq.
"We reached a point where our costs were getting to be prohibitive," said Karim Camel-Toueg, president of Arlington, Va.-based Contrack, which had won a $325-million award to rebuild Iraq's shattered transportation system. "We felt we were not serving the government, and that the dollars were not being spent smartly."
Although a few companies and nonprofit groups have pulled out of contracts in Iraq because of security concerns, Contrack's is the largest to be canceled to date, U.S. officials said. The move has led to fears that Iraq's mounting violence could prompt other firms to consider pulling out, or discourage them from seeking work in Iraq, further crippling reconstruction.
(Excerpt) Read more at latimes.com ...
Hmmmm....
Why the "Hmmmmm . . .?"
Wonder what the dems would say if Haliburton pulled the plug.
I can't help but wonder if Karim is muslim and, if so, if he has some kind of ulterior motive in publicizing a retreat from Iraq.
Contrack is the American arm of an Egyptian Businessman named Naguib Sawiris, whose main venture is a telecom company called ORASCOM.
http://www.57357.com/BuildingFuture.asp
http://www/internationalreports.net/middleeast/egypt/2001/orascom.html
Tangled Web, Huh?
Camel toe??
LOL!
Try not to think about it.
Based on what they were getting accomplished, I don't think they'll be missed.
More opportunity for Haliburton.
Why is this important to you? And why aren't the CeeBee's doing this work?
Why? The CB's couldn't even touch the enormity of the work done by KBR....LOL...
Why don't they get illegal aliens to do the job that Americans don't want to do? Oh this is Iraq they don't have a border with Mexico./sarcasm
The other branch of service:
http://www.markfiore.com/animation/few.html
Camel toe??
Ok, you started it................
start posting the pics...............
Wouldn't you know it? There's a cameltoe.com
an ulterior motive in walking away from a 325 million dollar gig?
not too many businesses do that to send a message (that one could send AND keep the work)
just a thought
Hell, I wonder what freepers would say.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.