>In March 2010, the Iraqi Government announced the ‘National Development Plan 2010-2014’ with a need of 3 million housing units with a plan to supply 2 million housing units over five years. >In 2010 the National Investment Commission announced their ‘National Housing Program’ to develop one million housing units in 14 Governorates, 224,000 of which would be in the Baghdad province.
>The Baghdad Bismayah New City Project (BNCP) is currently Iraq’s largest residential project at 1,830 hectares with 100,000 units being built between 2012 and 2019 >In addition, infra-networks such as roads, electricity, water and waste management, along with a cohesive social groundwork of public facilities for commerce, education, and welfare, will make this project a perfect execution of modern urban construction.
>The contract amount was US$7.75 billion and it is planned to accommodate around 600,000 occupants. >The city is located 10km on the outskirts of Baghdad and is the first and biggest city development throughout the history of Iraq.
>The new city, roughly the size of 3,425 football fields, will contain a central business district surrounded by 834 U-shaped apartment towers, schools and social amenities. It will provide a new start for 600,000 Iraqis.
>Residential units are available in sizes of 100, 120, and 140 square meters, and come in two main types: >the Traditional Type, which preserves Islamic values in everyday life, >and the Modern Type which boasts efficient use of large communal spaces.
>12 buildings are grouped together to form one block (e.g. Block A-1), and several blocks together form a "town." (e.g. A Town) 1,440 residential units are slated for completion in early 2015, within Block A-1, with additional 20,000 units being available every year thereafter, totaling 100,000 residential units completed within 5 years.
>To ensure the success of Bismayah, apartments are offered for a down-payment of just$6,300, or 10 percent of the total cost of the smallest 100 sq metre homes, with the balance repaid over 20 years.
>Flats in Baghdad in comparison are far pricier, and buyers are required to pay for the apartments in one lump sum.
Who is getting the massive kickback from the construction of this East German Cabrini Green monstrosity?
Ethan White
Sandniggers will fuck it up. I guarantee it
Cooper Butler
No one, all the other companies have given up on the bid due to a low margin of profit. Even the korean firm, who's the sole bidder of the project, may barely manage to break even at this point
