Iraq cancels $764 million Baghdad airport project over corruption concerns
Iraqi Prime Minister Ali al-Zaidi has put a halt to the $764 million initiative to revamp Baghdad International Airport, following serious allegations of corruption surfacing among government ranks. This bold decision reflects his commitment to an...

* The project involves a $764 million contract awarded last year to a consortium of Luxembourg-based Corporacion America Airports (CAAP) and Iraqi real estate firm Amwaj International, aimed at upgrading and expanding the capital's main airport.
* Two government sources speaking on condition of anonymity due to the sensitivity of the matter told that officials raised concerns about potential irregularities over the tendering process and contract terms.
* The move follows a drive against corruption which has meant growing scrutiny within government institutions.
* The airport upgrade had been presented as a key infrastructure project to modernise Iraq's aviation sector and increase capacity at Baghdad International Airport, which has suffered from years of underinvestment.
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