Construction company drops Iraq contract because of security fears

[caligirl]

http://sfgate.com/cgi-bin/article.cgi?f=/news/a/2004/12/22/national1341EST0555.DTL

[purduejake]

1. You know we're in deep shit in Iraq when....

corporations turn down money so they can get the hell out!

[radar]

2. Not turn down - not get the money...

..."In the eight months Contrack was under contract in Iraq it was paid about 30 million dollars, mostly for site assessments and design work, company and US officials told the daily.

Contrack, based in Arlington, Virginia, had won a 325-million-dollar award to rebuild Iraq's shattered transport system.

http://story.news.yahoo.com/news?tmpl=story&cid=1506&e=2&u=/afp/20041222/ts_alt_afp/usiraqreconstruction_041222151313

So, somewhere after leaving the hands of the American taxpayer, $295 million disappeared.

"Of the $18.4 billion in Iraqi reconstruction money approved by Congress more than a year ago, less than $2 billion has been spent, PCO head Charles Hess said last month."

[Moderator]

3. duplicate topic

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=1091279