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Ranhill To Build Hospital In
Violence-prone Kurdistan
22.6.2005
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PUTRAJAYA, June
22 (Bernama) - Ranhill Bhd, Malaysia's largest
engineering company, assured that it will take part
in the reconstruction of post-war Iraq and one of
its pioneer projects would be to build a hospital in
Kurdistan, northern Iraq.
"Definitely we are taking part in the reconstruction
of Iraq. In fact we secured some contracts before
the war but unfortunately the war took place. But we
are back," Ranhill's chief executive officer Tan Sri
Hamdan Mohamad said Wednesday.
"We sent our team (to Iraq) about six months ago and
we will build a hospital in Kurdistan. We are coming
close to developing the project and the northern
Iraqi government will pay for the project," he
added.
Hamdan told this to reporters after Ranhill signed
an agreement here today with the Islamic Development
Bank (IDB) and Emerging Markets Partnership
(Bahrain) that would partially finance the 77km
Senai Desaru Toll Road project costing US$368
million.
He said the hospital project was based on
Engineering, Procurement and Construction (EPC)
model and the company was also looking at other
viable projects in different sectors.
"We are also looking at mineral, water and power
projects in Kurdistan area," he added.
Describing the IDB's financial tie-up as a strategic
partnership, Hamdan said the move would pave way for
Ranhill to venture into disputed territories, and
the company was also ready to invest in troubled
Palestine.
"It is not easy to go to commercial banks or foreign
banks to get funding (for projects in sensitive
areas)," he said.
The company has also secured a project to build a
600-mega watts power plant in Iran, added Hamdan.
www.bernama.com.my
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