Fluor/AMEC joint venture wins $500 million Iraqi power contract
US-based Fluor Corporation and AMEC have reported that their joint venture has been awarded a contract worth up to $500 million by the US Department of Defense to provide design-build services for construction, rehabilitation, operation and maintenance of power generation facilities throughout Iraq.
The award is one of 10 major construction contracts that will be issued by the occupying Coalition Provisional Authority (CPA) Program Management Office (PMO) for services in five sectors-electrical, public works/water, transportation/communications, security/justice, and buildings/education/health.
The PMO manages the $18.4 billion appropriated by the US Congress to support the reconstruction of Iraqi infrastructure and is responsible for all activities associated with program, project, asset, construction and financial management of that portion of the reconstruction effort undertaken by the United States.
The Fluor/AMEC joint venture brings together the resources of two of the largest diversified engineering services companies in the United States and Britain, respectively. Fluor owns 51 percent of the joint venture and AMEC owns 49 percent. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
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