[size=41]An expert details the importance of the path of development and its economic returns to Iraq[/size]
13 hours ago
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Economic expert Nasser Al-Kinani confirmed, on Thursday, the possibility of establishing the Silk Road without spending any money, pointing to the possibility of charging the costs of establishing the road to the beneficiary countries, whose goods will pass through it.
Al-Kinani said in a press interview seen by “Takadum” that “the (Silk) Development Road is a very large project linked to the port of Faw and economic development related to factories and housing projects that provides Iraq with large profits and revenues.”
He added, "The Silk Road, despite its great importance to Iraq, the idea of making the country a transit that costs 16 billion dinars to establish a railway is not a good idea."
He pointed out that "Iraq can not bear the costs of the road by making the implementation of the countries whose goods will pass through Iraq, in addition to that the country will benefit from such a project in building factories and stimulating international trade."
And he indicated that “Iraq can benefit from the amount of 16 billion dollars allocated for the construction of the road, especially since there are those who benefit from the road and can pay this amount,” explaining that “the amount allocated for the project is 500 billion dollars, and China can complete the project without incurring Iraq these costs.
It is noteworthy that the road will be completed in 2028, and according to the Prime Minister's advisory office, it will provide 100,000 job opportunities and generate revenues of $4 billion annually.
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