By Mark Bashore, WKAR
http://stream.publicbroadcasting.net/production/mp3/wkar/local-wkar-997050.mp3
EAST LANSING, MI –
A coalition of Michigan businesses has reached a tentative agreement to lead a $5.5 billion, multi-national construction project in Iraq. WKAR's Mark Bashore has more.
East Lansing-based Prima Civitas Foundation has announced a memorandum of understanding with Iraqi officials that allows the process to continue.
Iraqi authorities are considering the "MICH Development" consortium for a project to build 100,000 housing units and infrastructure in Bagdhad.
Prima Civitas' Tremaine Phillips says the coalition now will try to enlist more firms to participate in planning, construction and funding.
"...reaching out to further Michigan companies, reaching out to companies nationally and internationally, and giving them the green light that this is a real opportunity."
Planners estimate projects valued at $1.5 billion could go to Michigan companies.
The group will update Iraqi authorities on their progress within 90 days.