Technical talks with Italy to implement the rail link project with Europe

[size=52]Technical talks with Italy to implement the rail link project with Europe[/size]

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 Baghdad: Nafeh Al-Naji

The Iraqi government has embarked on actual advanced technical talks with Italy to develop the required plans for the implementation of the railway linking project from the port of Faw to Turkey, in order to deliver goods from the east to Europe.
Iraq enjoys an important advantage due to its geographical location on the Silk Road, and seeks to exploit and benefit from it.
The director of the Center for Basra and Arabian Gulf Studies, Qais Nasser, said: "The project is located in the middle of a road or in the heart of the old Silk Road for the region," noting that "it is a supplement to the dry canal, meaning that the great port of Faw is part of the integrated project, and the basis of the project is the port, and then comes the Work on the dry canal through the railway link, so that the project becomes integrated and beneficial to the country.
In turn, Director General of the Ports Corporation, Farhan Al-Fartousi, explained that "the Prime Minister and the Ministry of Transport are in the process of referring the dry canal project to one of the specialized Italian companies for the purpose of preparing the master plan."
He added that "a feasibility study was prepared in 2010 regarding the port of Al-Faw," stressing "the need for the dry canal to be an integral and complementary part of the port project."
Al-Fartousi pointed out that "the Al-Faw port project represents not only a local need, but also an international need. Through this giant project, Iraq seeks to make a profit from the proceeds of the passage of goods coming from the East to Europe and vice versa, especially after the decline in its revenues and financial imports of oil."
In this context, the economic expert, Dr. Hakim Ajel Al-Jabri, stressed “the importance of Iraq being a land channel to link the East to the West by rail linking through the waters of Al-Faw or its neighboring areas,” expressing “his belief that if the project is implemented in an integrated manner, it will become a real and strong beginning to exit the dangerous oil rentier economy.” to the multi-economy.
It is noteworthy that activating the railway link between Iraq and Europe via Turkey, which Iraq is implementing through its understandings with an Italian company, will enhance the movement of internal and external commercial transport from the ports, especially the port of Al-Faw, and it will reduce the time in transporting goods between the continents of Europe and Asia within the Silk Road. In general, it will open up a huge financial resource for Iraq, which will supplement its general budget well and contribute to reviving its various economic sectors.
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