03/28/2008 02:43 am ET Updated May 25, 2011

Paid $200M, U.S. Contractor Fails To Complete 122 Of 142 Health Clinics In Iraq...

A reconstruction contract for the building of 142 primary health centers across Iraq has run out of money, after two years and roughly $200 million, with no more than 20 clinics now expected to be completed, the U.S. Army Corps of Engineers says.

The contract, awarded to U.S. construction giant Parsons Inc. in the flush, early days of reconstruction in Iraq, was expected to lay the foundation of a modern health care system for the country, putting quality medical care within reach of all Iraqis.

Parsons, according to the Corps, will walk away from more than 120 clinics that on average are two-thirds finished. Auditors say its failure serves as a warning for other U.S. reconstruction efforts due to be completed this year.

Read more on Washington Post