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. Last Updated: 07/27/2016

Annan: Trump Can Bid for UN HQ

UNITED NATIONS -- Real estate mogul Donald Trump should bid on a United Nations renovation contract if he thinks he can do the job cheaper and better than anyone else, UN Secretary-General Kofi Annan said last week.

Trump told a U.S. Senate hearing that the United Nations would commit a boondoggle of immense proportions if it goes ahead with its plan to renovate the outdated United Nations secretariat, a project it says will cost about $1 billion.

Trump predicted that if the UN continues with its proposal, the cost will balloon to $3 billion. And he argued that he could do the job for $700 million.

"If that's the case I'm sure he will get the contract, and so I would encourage him to bid," Annan said.

UN officials say their plan for the renovation is sound and express skepticism at Trump's claims. The 38-story UN headquarters is dangerously out of date. It has no sprinkler system, is packed with asbestos, and loses about 25 percent of the heat pumped into it in the winter.