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U.S. Contractor Pulls Out of Reconstruction Effort in Iraq
U.S. Contractor Pulls Out of Reconstruction Effort in Iraq
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By T. Christian Miller, Times Staff Writer
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."
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It's getting worse! That's a lot of money to walk away from.
How are the supergenius conservatives on this board able maintain their denial?
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By T. Christian Miller, Times Staff Writer
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."
More...
It's getting worse! That's a lot of money to walk away from.
How are the supergenius conservatives on this board able maintain their denial?
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