Home
[You must be registered and logged in to see this image.]
Shafaq News / A British economic report revealed today, Thursday, Iraq's "ambitious" plans to exploit the presence of the Faw port and expand the work of the Iraqi railways to transport goods. "Serious challenges" before Iraq in this regard.
And the British "Lood Star" website, which specializes in trade and shipping news, said, "Iraq's ambitious plans for its huge port in Al-Faw to be an alternative to other Middle Eastern ports, including the Suez Canal and the Emirati port of Jebel Ali, will depend mainly on expanding shipping operations to Turkey, which will be carried out by The General Company for Iraqi Railways.
And the British website quoted the Director General of the Iraqi Railways Company, Talib Jawad Al-Husseini, as saying: "We are working on a project to enhance the benefit of our geographical location and serve merchants who wish to transport goods through Iraq to other countries through Turkey, once the Grand Port of Faw is completed."
Al-Husseini explained that "Iraq is working with" an Italian company to conduct studies for a railway line with a length of 1200 km towards the Turkish border that can secure the transportation of goods from Al-Faw, and be an alternative to the Suez Canal for goods transported between East Asia and Europe," noting that "the works will be implemented by Italian, Chinese and Iraqi companies.
According to the Iraqi Ministry of Transport, the Indo-Italian service companies "BAG" will conduct feasibility studies and designs for the project by the end of this year, which includes a series of road and railway networks linking the new port to Turkey.
The British report stated that "the idea of constructing a large port on the Faw Peninsula, where the Shatt al-Arab waterway drains into the Gulf, has been put forward for decades, but no concrete proposal was presented about the port until 2010, and work began only in the year 2020, after South Korea's Daewoo Engineering has won the $2.7 billion port contract.
The report stated that "some preliminary construction work has been completed, and the Al-Faw port has entered the Guinness Book of Records, where the longest wave breaker was set up, about 15 km, while the General Company for Ports in Iraq announced the launch of work on the construction of five container berths."
The report pointed out that "the project is designed to include 100 container berths, which, if completed, will enable FAO to bypass Jebel Ali Port in Dubai, which has 67 container berths and is described as the largest in the Middle East."
The report quoted "Global Construction Bulletin" estimates that "FAO is expected to be able to handle about 26 million containers of different types of goods by 2028, which will increase by 2038."
As for the General Company for Railways, it will provide re-shipment services for goods via its railways.
After the report indicated that “the railway company played a major role in transporting the Iraqi oil hydrocarbon derivatives, on which the country’s economy depends, towards export stations abroad,” the head of the freight department at the railway company, Riyad Mohsen, was quoted as saying that the company had not exploited its capabilities. full shipping, including with respect to Iraq's current imports entering through the port of Umm Qasr.
The report quoted Mohsen as saying that "as for containers for general shipments, it depends on the principle of supply and demand," adding that "the company has the ability to transport shipments, but public services are not available, and when there are goods that need to be transported, we provide services with our trains. Which can carry either 20 40-foot containers, or 40 20-foot boxes.
Mohsen pointed out to "the benefits of the project via the railways, including speed and safety in transporting huge containers, direct delivery to city centers and reducing the environmental impacts of transporting goods, as thousands of trucks move daily in different parts of Iraq, and they emit diesel fumes."
In addition, Mohsen said, "Iraq will need multiple freight trains that operate daily, each capable of carrying 100 containers, and not just 40 containers, for effective future transshipment."
However, the British report considered that "this constitutes a difficult task for Iraq, as the railway company relies on old infrastructure that has been severely damaged in its lines in northern Iraq under the control of ISIS for years."
The report continued, "Infrastructure challenges are linked to Baghdad and Basra, and lanes cross busy main roads, while there are no barriers or warning lights, and therefore it is imperative for trains to move slowly and be careful of motorists."
The report pointed out that "the railway plan related to the FAO project requires the construction of five additional stations, which requires large investments," explaining that "there are currently 38 train stations in and around Umm Qasr (27 in the north and 11 in the south). The Railway Company is expanding the tracks to the East Basra Gate Station.
And the report continued, "Despite the optimism of Iraqi officials about the capabilities that will be offered by the great port of Faw, the project was criticized as (too ambitious), and construction work was disrupted due to delays, and the suspicious death of the head of the South Korean project in the year 2020, in light of accusations that the FAO project It is mired in political competition, corruption and disputes over construction contracts that may later reach about $7 billion."
While Al-Husseini pointed out that "the issue of securing funding for the project or not, is not under discussion," the report stated that "the potential success of FAO is related to whether and when the huge port project will be completed, and whether Iraq can get rid of its reputation related to the war and not stability and corruption, in addition to attracting a sufficient number of investors to be able to compete well in real competition over shipping routes.”
The report quoted a specialist in the shipping industry as saying that "Iraq is not likely to launch as a transshipment center unless the shipping landscape changes radically," adding that "in the event that some geopolitical issues close the Suez Canal, perhaps Iraq can secure the alternative, but the question that What should be asked now is: Are the supply lines interested? And the answer is no."
The report concluded by noting that it is expected that the Grand Port of Al-Faw will receive the first ship in the year 2025," according to the estimates of the Iraqi Ministry of Transport.
[You must be registered and logged in to see this link.]
The success of the Al-Faw port and the railways.. Economic challenges facing Iraq and Turkey, the key to the solution
Shafaq News / A British economic report revealed today, Thursday, Iraq's "ambitious" plans to exploit the presence of the Faw port and expand the work of the Iraqi railways to transport goods. "Serious challenges" before Iraq in this regard.
And the British "Lood Star" website, which specializes in trade and shipping news, said, "Iraq's ambitious plans for its huge port in Al-Faw to be an alternative to other Middle Eastern ports, including the Suez Canal and the Emirati port of Jebel Ali, will depend mainly on expanding shipping operations to Turkey, which will be carried out by The General Company for Iraqi Railways.
And the British website quoted the Director General of the Iraqi Railways Company, Talib Jawad Al-Husseini, as saying: "We are working on a project to enhance the benefit of our geographical location and serve merchants who wish to transport goods through Iraq to other countries through Turkey, once the Grand Port of Faw is completed."
Al-Husseini explained that "Iraq is working with" an Italian company to conduct studies for a railway line with a length of 1200 km towards the Turkish border that can secure the transportation of goods from Al-Faw, and be an alternative to the Suez Canal for goods transported between East Asia and Europe," noting that "the works will be implemented by Italian, Chinese and Iraqi companies.
According to the Iraqi Ministry of Transport, the Indo-Italian service companies "BAG" will conduct feasibility studies and designs for the project by the end of this year, which includes a series of road and railway networks linking the new port to Turkey.
The British report stated that "the idea of constructing a large port on the Faw Peninsula, where the Shatt al-Arab waterway drains into the Gulf, has been put forward for decades, but no concrete proposal was presented about the port until 2010, and work began only in the year 2020, after South Korea's Daewoo Engineering has won the $2.7 billion port contract.
The report stated that "some preliminary construction work has been completed, and the Al-Faw port has entered the Guinness Book of Records, where the longest wave breaker was set up, about 15 km, while the General Company for Ports in Iraq announced the launch of work on the construction of five container berths."
The report pointed out that "the project is designed to include 100 container berths, which, if completed, will enable FAO to bypass Jebel Ali Port in Dubai, which has 67 container berths and is described as the largest in the Middle East."
The report quoted "Global Construction Bulletin" estimates that "FAO is expected to be able to handle about 26 million containers of different types of goods by 2028, which will increase by 2038."
As for the General Company for Railways, it will provide re-shipment services for goods via its railways.
After the report indicated that “the railway company played a major role in transporting the Iraqi oil hydrocarbon derivatives, on which the country’s economy depends, towards export stations abroad,” the head of the freight department at the railway company, Riyad Mohsen, was quoted as saying that the company had not exploited its capabilities. full shipping, including with respect to Iraq's current imports entering through the port of Umm Qasr.
The report quoted Mohsen as saying that "as for containers for general shipments, it depends on the principle of supply and demand," adding that "the company has the ability to transport shipments, but public services are not available, and when there are goods that need to be transported, we provide services with our trains. Which can carry either 20 40-foot containers, or 40 20-foot boxes.
Mohsen pointed out to "the benefits of the project via the railways, including speed and safety in transporting huge containers, direct delivery to city centers and reducing the environmental impacts of transporting goods, as thousands of trucks move daily in different parts of Iraq, and they emit diesel fumes."
In addition, Mohsen said, "Iraq will need multiple freight trains that operate daily, each capable of carrying 100 containers, and not just 40 containers, for effective future transshipment."
However, the British report considered that "this constitutes a difficult task for Iraq, as the railway company relies on old infrastructure that has been severely damaged in its lines in northern Iraq under the control of ISIS for years."
The report continued, "Infrastructure challenges are linked to Baghdad and Basra, and lanes cross busy main roads, while there are no barriers or warning lights, and therefore it is imperative for trains to move slowly and be careful of motorists."
The report pointed out that "the railway plan related to the FAO project requires the construction of five additional stations, which requires large investments," explaining that "there are currently 38 train stations in and around Umm Qasr (27 in the north and 11 in the south). The Railway Company is expanding the tracks to the East Basra Gate Station.
And the report continued, "Despite the optimism of Iraqi officials about the capabilities that will be offered by the great port of Faw, the project was criticized as (too ambitious), and construction work was disrupted due to delays, and the suspicious death of the head of the South Korean project in the year 2020, in light of accusations that the FAO project It is mired in political competition, corruption and disputes over construction contracts that may later reach about $7 billion."
While Al-Husseini pointed out that "the issue of securing funding for the project or not, is not under discussion," the report stated that "the potential success of FAO is related to whether and when the huge port project will be completed, and whether Iraq can get rid of its reputation related to the war and not stability and corruption, in addition to attracting a sufficient number of investors to be able to compete well in real competition over shipping routes.”
The report quoted a specialist in the shipping industry as saying that "Iraq is not likely to launch as a transshipment center unless the shipping landscape changes radically," adding that "in the event that some geopolitical issues close the Suez Canal, perhaps Iraq can secure the alternative, but the question that What should be asked now is: Are the supply lines interested? And the answer is no."
The report concluded by noting that it is expected that the Grand Port of Al-Faw will receive the first ship in the year 2025," according to the estimates of the Iraqi Ministry of Transport.
[You must be registered and logged in to see this link.]
» utube 9/16/24 MM&C Iraq Dinar Update - #xrpripple #iraqidinar - Electronic International Payments
» Market monopoly is in danger... and the Parliamentary Economic Committee leads the correction battle
» Document warns of environmental danger threatening southern Iraq
» Central Bank Governor: We have put in place methods to secure the provision of dollars and are subje
» MP hints at corruption suspicions in $22 billion railway contract
» MP holds Al-Sudani responsible for withdrawing important laws from the House of Representatives
» Parliamentary Oil Committee accuses the region of smuggling oil
» The Council of Ministers decides to amend the price of industrial oil
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
» Parliamentary moves to increase state financial revenues
» New mechanism for collecting tax amounts electronically
» Iraqi oil exports rose yesterday to 3.5 million barrels
» South Gas: Integrated Gas Development Project is an Opportunity to Invest Local Hands
» Artawi Project.. A new energy that ignites the Iraqi economy and extinguishes the fires of waste!
» Al-Ghais: Taxes constitute the largest percentage of fuel prices in these countries
» Is the decline in oil prices related to the rise in exchange rates? An "important" clarification fro
» Iraq imports more than 722 million tons of gasoline in three months
» Hermes: Gulf investors have become more selective after the flood of IPOs in the region
» Real estate manipulators between the jaws of the "justice pincers"
» New crime
» Conference to support the private sector
» After the {Sabah} report... a campaign to deport {illegal} workers
» Al-Sudani: Amending the Drug Law raises the level of combating it
» Numbering Nineveh buildings in preparation for the population census
» Labor: Intensive campaign to deport “illegal” workers
» Emaar: The residential complex for journalists will be transferred to an investor
» Government organizes national conference to support private sector
» Real estate inflation
» {Hypermarket}.. Central markets with a new look
» Iraq calls on the international community to shoulder its responsibilities and stop the massacres an
» Al-Maliki's coalition explains the nature of the presence of Hamas and Houthi offices in Baghdad.. A
» What are the goals of Qaani's "secret" visit to Baghdad? - Urgent
» Al-Sudani: The heaviness of the energy system problem in transmission and distribution
» Parliamentary message to Al-Sudani: You have the dangerous Kar file in your hands.. Save public mone
» 15% tax on social media applications in Iraq
» Fears of delayed salaries.. State employees face increasing financial pressures!
» General amnesty.. a step to exonerate Nour Zuhair and an opportunity for terrorists
» Iraq between stalled projects and postponed promises: years of endless waiting
» Al-Sudani: Iraq is witnessing transformations in digital reality today
» Announcing the formation of a new party in Iraq
» The electricity dilemma is stifling Iraqi industry and exacerbating the losses of the local economy!
» Parliament asks the Ministry of Planning to estimate revenues
» Iraq and Russia sign a memorandum of understanding
» Trade invites Azerbaijani companies to participate in Baghdad International Fair
» New mechanism for granting national card to citizens
» A scandalous scandal revealed by the Ministry of Labor
» The Chairman of the Accountability and Justice Commission meets the Minister of Anfal
» Al-Basri: We will announce crimes related to public money soon
» Al-Sudani: The electricity projects that were opened today had been lagging behind for years
» Cabinet decisions for today
» Al-Khalidi talks about solving the problem of the parliament presidency
» Strange statement from a former MP
» Allawi: Personal status proposal will tear Iraq apart
» Parliamentary Finance: No financial distress
» Central Bank of Iraq: Oil price drop has nothing to do with dollar exchange rate rise
» Parliamentary Oil and Gas Committee moves to host oil formations managers.. This is the reason
» Al-Masari reveals to Alsumaria the reason for the delay in deciding the position of Parliament Speak
» Al-Shammari: There is political collusion in the absence of a Speaker of Parliament
» With documents.. Parliamentary signatures to reject the railway link with Iran
» Dollar to Dinar Exchange Rates in Iraq Today
» utube 9/15/24 MM&C Iraq Dinar Update - #xrpripple #iraqidinar Digital Transformation - Global Even
» Progress reveals new political endorsement for its candidate for parliament speaker
» Al-Sudani: Announcing the end of the international coalition mission soon, and we are committed to O
» Iraq and Austria sign a loan financing agreement to stimulate the agricultural sector
» Pending amnesty and complex negotiations: Justice and politics intertwine in the parliament hall
» Amnesty Law: A New Ticket for Corruptors or a Correction of What Politics Has Broken?
» Al-Sudani turns the page on the international coalition.. 2024 is not like 2014
» Oil moves towards generalizing electronic payment in all governorates
» Economist: Decongestion projects will not succeed
» Abu Saeeda: The government is "afraid" of Washington's demand to withdraw its forces from Iraq
» What is the truth of the bargain of passing the amnesty in exchange for personal status?
» MP confirms boycott of parliament sessions due to general amnesty law
» Headed by Al-Sudani.. The Council of Ministers holds its regular session
» Rising housing prices.. Collecting parliamentary signatures to question the head of the Investment A
» Al-Fath: Equipping the Peshmerga with artillery is a first step towards the region’s military secess
» Violations and waste of public money.. Voices calling for the need to expose port corruption are ris
» Currency Auction.. The Central Bank of Iraq sells more than $ 249 million in one day
» Parliamentary Finance Committee discusses proposal to establish sovereign fund
» Karbala: Violations and delays in establishing a park worth 2.4 billion dinars revealed
» Iraq falls to fifth place in buying real estate in Türkiye during the month
» Al-Sudani diagnoses the oil problem of Baghdad and Erbil.. What about the Ceyhan pipeline?
» 500,000 salaries registered in the “Hisabi” system in the Kurdistan Region
» Al-Nusairi identifies the challenges facing Iraqi private banks and opportunities for banking reform
» "Our Country's Dream"... Al-Sudani Sends an "Important" Message to Gulf States Regarding the Path to
» 110 thousand barrels is the volume of decrease in Iraqi exports since the beginning of this month
» Economist: Iran's exports to Iraq increased 71-fold in 20 years
» Pezeshkian praises the results of his visit to Iraq
» Al-Sudani: The government seeks to buy services from investors
» Real estate manipulators between the jaws of the "justice pincers"
» Mechanism to resolve tribal conflicts in Maysan
» Decline in Iraqi exports
» Spanish company implements Basra-Shalamcheh railway
» Advisor to the Prime Minister announces to {Sabah} the launch of the {Back to Education} initiative
» Members of the Ministry of Defense in Basra demand the implementation of the allocation of land plot
» The Social Protection Authority calls on its beneficiaries to expedite the issuance of the unified c
» Trade Bank of Iraq announces mechanism for obtaining US dollars for travel purposes abroad
» House of Representatives votes on agricultural land rental bill
» Minister of Trade arrives in Baku at the head of an investment delegation