Reply #51: make that 28.2 million [View All]

27.2 from URS and $500 million from Perrini... Spring 2004 was very good to the Feinsteins...

In addition to the URS deal from April 22 that you cited...


Iraq deal awarded to Blum venture
Feinstein's spouse owns stake in firm fixing energy grid
David R. Baker, Chronicle Staff Writer

Saturday, March 13, 2004

Perini Corp., a Massachusetts construction company partially owned by the investment firm of California Sen. Dianne Feinstein's husband, landed a $500 million contract Friday to repair southern Iraq's electricity grid.

Perini is one of several American firms mobilized to restore Iraq's electricity under a series of contracts issued by the Pentagon this week. On Friday, Washington Group International won a $500 million contract to restore power in northern Iraq.

The Pentagon is selecting firms to perform $5 billion of reconstruction work, including repairs to damaged hospitals, courthouses and water systems.

Feinstein's husband, Richard Blum, controls about 24 percent of Perini shares through his investment firm, Blum Capital Partners. Another of Blum's investments, the San Francisco engineering firm URS Corp., is part of a joint venture that won $27.7 million in Iraq reconstruction work earlier this week.

(snip)

Perini, based in Framingham, Mass., has been patching together power lines in southern Iraq since September, operating under a separate contract from the Army Corps of Engineers. The firm has replaced towers and cable on 250 miles of transmission line, Band said, working with a crew that includes Iraqi, Turkish and Indian subcontractors.

(snip)

http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/03/13/BUGIJ5JL7E1.DTL

Almost a year later and the Iraqis are still sitting in the dark. Go figure :shrug: