We’ve been zeroing in on some of the line items that American taxpayers are buying with the billions of dollars being spent in Iraq. Now, a look at an American company that got one of the biggest, most lucrative contracts to rebuild the country.
A NEWLY RECONSTRUCTED bridge over the Tigris River is just one of thousands of projects American taxpayers are financing in Iraq. But critics say, so far most of the business has gone to a few favored American companies.
One of the biggest beneficiaries has been Bechtel, with contracts to rebuild the port of Umm Qasar, including the water supply, 12 electric power stations and 1,200 schools. The contracts are worth more than a billion dollars.
How did Bechtel do it? It won its contracts from the State Department’s Agency for International Development, AID. Now that agency’s inspector general is questioning whether Bechtel had insider information before it got the business.
http://msnbc.com/news/990299.asp?0cv=CB10