Continue rebuilding Iraq's infrastructure
"The third step in the plan for Iraqi democracy is to continue rebuilding that nation's infrastructure so that a free Iraq can quickly gain economic independence and a better quality of life.
"Our coalition has already helped Iraqis to rebuild schools and refurbish hospitals and health clinics, repair bridges, upgrade the electrical grid and modernize the communication system.
"And now a growing private economy is taking shape. A new currency has been introduced. Iraq's governing council approved a new law that opens the country to foreign investment for the first time in decades. Iraq has liberalized its trade policy. And today, an Iraqi observer attends meetings of the World Trade Organization.
"Iraqi oil production has reached more than 2 million barrels per day, bringing revenues of nearly $6 billion so far this year, which is being used to help the people of Iraq.
"And thanks in part to our efforts, to the efforts of former Secretary of State James Baker, many of Iraq's largest creditors have pledged to forgive or substantially reduce Iraqi debt incurred by the former regime. We're making progress. Yet there still is much work to do.
"Over the decades of Saddam's rule, Iraq's infrastructure was allowed to crumble while money was diverted to palaces and to war and to weapons programs.
"We're urging other nations to contribute to Iraqi reconstruction, and 37 countries, and the IMF and the World Bank, have so far pledged $13.5 billion in aid.
"America has dedicated more than $20 billion to reconstruction and development projects in Iraq.
"To ensure our money is spent wisely and effectively, our new embassy in Iraq will have regional offices in several key cities. These offices will work closely with Iraqis at all levels of government to help make sure projects are completed on time and on budget.
"A new Iraq will also need a humane, well-supervised prison system. Under the dictator, prisons like Abu Ghraib were symbols of death and torture. That same prison became a symbol of disgraceful conduct by a few American troops who dishonored our country and disregarded our values.
"America will fund the construction of a modern maximum security prison. When that prison is completed, detainees at Abu Ghraib will be relocated. Then with the approval of the Iraqi government, we will demolish the Abu Ghraib Prison as a fitting symbol of Iraq's new beginning."
Encouraging more international support >>
