Bechtel leaves Iraq pocketing 2.3 billion dollars and leaving it’s projects in shambles

Originally published 11/11/06:

Bechtel is leaving Iraq with a dismal record at completing its projects, but with all of the 2.3 billion dollars it was provided from Iraqi reconstruction money:

“They charged huge sums of money for the contracts they signed, then they sold them to smaller companies who resold them again to small inexperienced Iraqi contractors,” Ani told IPS. “These inexperienced contractors then had to execute the works badly because of the very low prices they get, and the lack of experience.”

http://www.dahrjamailiraq.com/hard_news/archives/iraq/000491.php#more

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