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The rattlesnakes are committing suicide...

Posted by Tiglath (Guest) - Thursday, December 23 2004, 0:03:32 (CET)
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US contractor leaves Iraq
From correspondents in Baghdad, Iraq
December 23, 2004

US contractor Contrack International has pulled out of a $US325 million ($425 million) Iraqi transportation project because of violence, a US official said today.

The company is the first US contractor to leave Iraq totally. Instability and the anti-American insurgency have delayed an $US18.6 billion ($24.3 billion) US-funded rebuilding program and forced more money to be diverted to security.

"I confirm that Contrack has left," said Lieutenant-Colonel Eric Schnaible, a spokesman for the US program.

Contrack led a consortium to build roads, bridges, airport facilities and railways in Iraq.

Orascom, an Egyptian group dominated by the Sawiris family, is a part owner of Contrack. Iraq's US-led occupation authority awarded Orascom a contact to build a mobile phone network in central Iraq last year.

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