TAGI to provide Financial Auditing Services to MCA-Jordan

 

The audit will be conducted on three major projects of MCA-Jordan: the Water Network Project, the Wastewater Network Project and As-Samra Expansion Project

AMMAN--------February 19, 2012-------Talal Abu-Ghazaleh & Co International (TAGI) signed an agreement with Millennium Challenge Account – Jordan (MCA-Jordan) to provide financial audit services for the Years 2009-2012.

The audit will be conducted on three major projects of MCA-Jordan: the Water Network Project with an estimated cost of $102 million to restructure and rehabilitate water networks in Zarqa and Russeifa cities, the Wastewater Network Project ($58 million) to expand and rehabilitate the wastewater network to increase the amount of wastewater collected for treatment, increases households access to the network, and reduces sewage overflow and As-Samra Expansion Project ($93 million).

The MCC resources is funded by Millennium Challenge Corporation (MCC) and managed by Millennium Challenge Account - MCA-Jordan.

Mr. Mustafa Nasereddin, TAGI executive director said:"We are really excited to start presenting our services to MCA-Jordan. We believe this cooperation will have a great impact for future collaboration. We thank them for their confidence in our work and services."

Meanwhile, MCA-Jordan CEO Eng. Kamal Zoubi said: “Talal Abu-Ghazaleh & Co International was selected as our company’s auditor through a transparent tendering process managed by the Government Tenders Department, MCA-Jordan’s procurement agent. Talal Abu-Ghazaleh Organization will perform financial audit of MCC resources and producing reports that confirm to MCC’s standards and requirements. Rather than conducting it once, the audit will take place biannually to ensure more accuracy and control."


About TAGI

TAGI has been providing professional audit services for more than 40 years and due to the Organization professional competence in serving clients as per the highest standards and full commitment to professional conduct of business; it enjoys now an excellent reputation in private and government sectors including NGO's sector.

About MCC
The Millennium Challenge Corporation, a U.S. Government agency designed to work with developing countries, is based on the principle that aid is most effective when it reinforces sound political, economic, and social policies that promote poverty reduction through economic growth. For more information, please visit www.mcc.gov.

About MCA-Jordan
The Millennium Challenge Account – Jordan (MCA-Jordan) is a Limited Liability Company owned by the Government of Jordan. MCA-Jordan has been established in June 2010 to manage and implement the program funded by the Millennium Challenge Corporation in accordance with the Compact Agreement and international best practices. The program consists of several water and wastewater projects, which will be implemented in Zarqa Governorate over 5 years of the Compact (2011-2015). For more information, please visit www.mca-jordan.gov.jo.