The Iraq Relief and Reconstruction Fund (IRRF) was established by the
US Congress
The United States Congress is the legislature, legislative branch of the federal government of the United States. It is a Bicameralism, bicameral legislature, including a Lower house, lower body, the United States House of Representatives, ...
on November 6, 2003. It allocated $18.4 billion to
rebuild Iraq's infrastructure, damaged from years of neglect, sanctions, and war.
As of March 29, 2006, approximately $16.3 billion, or 89%, had been obligated and $11.4 billion had been spent. The fund has come under some criticism due to the slowness with which the allocated money has been disbursed, largely because of the time-consuming US procurement process.
Top construction firm
Bechtel
Bechtel Corporation () is an American engineering, procurement, construction, and project management company founded in San Francisco, California in 1898, and headquartered in Reston, Virginia in the Washington metropolitan area. , the '' E ...
was awarded almost $3 billion dollars between two contracts with
USAID
The United States Agency for International Development (USAID) is an agency of the United States government that has been responsible for administering civilian United States foreign aid, foreign aid and development assistance.
Established in 19 ...
through this fund, the first contract being in effect 2003-2006, the second 2004-2007. According to a July 2007 report from the Special Inspector General for Iraq Reconstruction,
Stuart Bowen, the second contract consisted of 24 job orders, mostly in water and sanitation, but also in power, telecommunications, and buildings.
A budget for the allocation of the $18.4 billion may be foun
here
Weekly updates on reconstruction spending are available fro
www.defendamerica.mil and fro
www.usaid.gov
The duties of the
Special Inspector General for Iraq Reconstruction include oversight of expenditures from the Iraq Relief and Reconstruction Fund.
See also
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Financial cost of the Iraq War
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Coalition Provisional Authority
The Coalition Provisional Authority (; , CPA) was a Provisional government, transitional government of Iraq established following the 2003 invasion of Iraq, invasion of the country on 19 March 2003 by Multi-National Force – Iraq, U.S.-led Co ...
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Program Review Board
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Development Fund for Iraq
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Reconstruction of Iraq
References
{{Reflist
Coalition Provisional Authority
Funds
Economic history of the Iraq War