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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    "Development Road Project"... "expected" revenues of $5 billion, and an expert details its importanc

    Rocky
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    "Development Road Project"... "expected" revenues of $5 billion, and an expert details its importanc Empty "Development Road Project"... "expected" revenues of $5 billion, and an expert details its importanc

    Post by Rocky Sat 27 May 2023, 4:03 am

    [size=35][size=35]"Development Road Project"... "expected" revenues of $5 billion, and an expert details its importance[/size]
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    Alsumaria News - Economy

    Today, Saturday, May 27, 2023, the capital, Baghdad, will host the activities of the "Development Road Project" conference, which will be held in the government palace in the middle of the Green Zone, in the presence of the transport ministers of neighboring countries and the countries of the Cooperation Council for the Arab States of the Gulf, and representatives of the World Bank and the Union. European, at a time between economists full details of the project and its importance.


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    Countries in the region are witnessing an increasing interest in[url=https://www.alsumaria.tv/Entity/1005844799/%D9%85%D8%B4%D8%B1%D9%88%D8%B9 %D8%B7%D8%B1%D9%8A%D9%82 %D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9/ar/]development path project[/url], which aims to promote economic integration and strengthen transport links between[You must be registered and logged in to see this link.]and the countries of the region.

    On Saturday morning, Arab and regional delegations began arriving in the capital, Baghdad, to participate in the conference[url=https://www.alsumaria.tv/Entity/2695901049/%D9%85%D8%A4%D8%AA%D9%85%D8%B1 %D8%B7%D8%B1%D9%8A%D9%82 %D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9/ar/]Development Path Conference[/url].



    And the chapter of the economist[url=https://www.alsumaria.tv/Entity/3517594793/%D9%86%D8%A8%D9%8A%D9%84 %D8%A7%D9%84%D9%85%D8%B1%D8%B3%D9%88%D9%85%D9%8A/ar/]Nabil Al-Marsoumi[/url], today is Saturday,[url=https://www.alsumaria.tv/Entity/1005844799/%D9%85%D8%B4%D8%B1%D9%88%D8%B9 %D8%B7%D8%B1%D9%8A%D9%82 %D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9/ar/]development path project[/url]Which is the key to the commercial link between Asia and Europe, regarding the cost of the project, the expected revenues, and the length of the project.

    Al-Marsoumi said in a post that I followed[url=https://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url]The dry canal development road is the key to the commercial link between Asia and Europe, and the cost of the project is 17 billion dollars, and the expected revenues of this project amount to 4.850 billion dollars annually, indicating that the length of the project is 1200 km and extends from Al-Faw to the Iraqi-Turkish border in the Fishkhabour region and from Then to Europe[You must be registered and logged in to see this link.]It includes a double railway line as well as a land road.”

    He pointed out that “the expected capacity for transportation in the first phase is 3.5 million containers annually, and 22 million tons of goods, in addition to serving about 15 million passengers annually .



    The first in 2028, while the second phase will be completed in 2038 and the third in 2050, in conjunction with the port of Faw reaching its full production and absorptive capacity after the completion of these phases, and the related projects will be completed

    .

    [You must be registered and logged in to see this link.]And[You must be registered and logged in to see this link.]To start building a double track that includes a land corridor and a railway line extending from Basra to[You must be registered and logged in to see this link.]Within the so-called dry channel he will divert[You must be registered and logged in to see this link.]To a major transport station for European countries after[You must be registered and logged in to see this link.]As shipments arriving by sea will pass through the port of Fao to[You must be registered and logged in to see this link.]And Europe through the dry channel and it will transport Turkish and European goods to[You must be registered and logged in to see this link.]And from there to the Gulf states, Iran, Syria and Jordan.

    * Dry Canal

    He pointed out that "the dry canal is the complementary project for the large port of Faw, the first phase of which is expected to be completed in 2025, through which the sea voyage time for ships loaded with goods traveling at a speed of 15 miles per hour from the Chinese port of Shanghai to the port of Rotterdam will be reduced by about 33 days." sea, while it takes only 15 days when goods are transported from Shanghai to the Pakistani port of Gwadar, then to the great port of Faw, and from there through the dry channel to the Mediterranean ports in Syria and[You must be registered and logged in to see this link.]And from them to the port of Rotterdam, this means that the transport is across[You must be registered and logged in to see this link.]

    It will provide a substantial reduction in the cost of transporting goods , amounting to more than half.”[You must be registered and logged in to see this link.]Through Iran, as the goods will be transported from the port of Sharjah to the Iranian port of Bandar Abbas, and then start traveling by land to the Bazargan-Gorbulak border crossing between Iran and[You must be registered and logged in to see this link.]Thence to the port of Iskenderun on the Mediterranean coast[You must be registered and logged in to see this link.]And he stressed ,

    "The dry canal, which would shorten the duration of the trip to 7 days compared to the duration of the traditional sea route through the Suez Canal, which takes about 20 days, which will reduce the cost of exports and imports due to the decrease in the duration and cost of shipping." * What is the importance of the development path for countries

    ?

    Al-Marsoumi indicated that:[You must be registered and logged in to see this link.]It will reap the customs tariffs that it will impose on the passage of trucks through its lands, as well as its contribution to the movement of land trade in the region, but the tensions in the region and the differences that occur between the Gulf states and[You must be registered and logged in to see this link.], In addition to the tension between Iran, America and Israel, make the agreement fragile, which stimulated the Emirates and[You must be registered and logged in to see this link.]Because of that and the desire to reduce the time through the use of[You must be registered and logged in to see this link.]As a crossing for trade between them, as the time can be shortened if railway and road projects are implemented within the double track of the dry channel. In this case, goods will be transported from Jebel Ali port to the large port of Al-Faw, and from there they will be transported by land through the dry channel to[You must be registered and logged in to see this link.]Especially since the latter will have a pivotal role in the Silk Road, especially after the opening of the Istanbul water canal that connects the Mediterranean Sea with the Black Sea, and then benefit from the Turkish transport network in the flow of goods to Europe.[You must be registered and logged in to see this link.]on the Silk Road.

     
    *Investment in the project and financial sustainability

    According to a senior government source, the new rail system as evidenced by the results of the cost-benefit analysis (CBA) will achieve a very positive social and economic impact with an internal rate of return (IRR) of (18.4) and the combination of the new multi-modal corridor shows (Railway + Highway) as evidenced by the results of (CBA) a positive socio-economic outcome with an internal rate of return (IRR) of (11.1%).

    According to the source, the new railway system, as evidenced by the financial analysis, is capable of repaying the investment (12.7) billion dollars and related operating costs within the considered time horizon (about 40 years) assuming highly competitive prices for passengers and goods and maintaining O&M costs and revenues

    . The expected amount is about $1.2 billion per year, while the operating and maintenance costs are about $750 million per year.

    A financial analysis of the new highway system shows that the projected revenue is able to sustain costs of $370 million dollars a year yet the investment ($6.3 billion) can be repaid only if light vehicles pay the tolls.

    * Opportunities and advantages at the national and regional levels

    , and according to the source, the “development path” will provide the following advantages for Iraq and related neighboring countries:

    1:- Developing other economic sectors (agriculture, industry, trade, construction, logistics, university services, tourism) in addition to the sector Oil and gas, which supports sustainable and environmentally friendly social and economic growth.

    2:- Making the Iraqi gross domestic product less dependent on oil and gas, even taking into account the continuous transformation of energy to mitigate environmental impacts (carbon dioxide emissions).

    3:- Improving the modernization of the Iraqi railway networks and highways in line with the social and economic development of the country, which reduces travel time between Iraqi cities, with the consequent increase in welfare and prosperity.

    4:- Reducing traffic congestion, pollution and related environmental impact and improving health and safety conditions for the Iraqi population.

    5: - Increasing employment rates and improving the living conditions of the Iraqi population (note: the new railway and highway systems will create 100,000 new jobs).

    6: - Creating new urban and industrial settlements that will support the reorganization and development of existing urban areas.

    7: - Promoting integration between different populations and cultures with the aim of facilitating and strengthening the process of pacification and stability among all countries of the Middle East.

    8:- Allowing freedom of movement and movement of goods and passengers between neighboring countries by implementing common rules similar to those already adopted by European countries (interoperability of railway systems), which gives networks efficiency and security. (Note: The interoperability of the railway system is achieved through the standardization and harmonization of the railway systems and O&M procedures

    9:- The interoperability of the railway systems as established in [You must be registered and logged in to see this link.] will enhance the social and economic development of the countries of the Middle East along with the integration Demographic and pacification process similar to what has already happened over the past 50 years in [You must be registered and logged in to see this link.] (after the Second World War in which all European countries participated.) The

    success of the "development path" will depend on strong coordination and cooperation between all neighboring countries, according to the government source.

    In turn, the [url=https://www.alsumaria.tv/Entity/2065267199/%D9%85%D9%86%D8%B7%D9%82%D8%A9 %D9%83%D9%84%D8%A7%D8%B1 %D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%86%D9%82%D9%84/ar/]Ministry of Transport[/url] confirmed, yesterday, Friday, that the Development Road Conference, which will be held tomorrow in the presence of representatives from 10 countries, will witness the launch of the project by Prime Minister Muhammad Shia Al-Sudani, pointing out that he will witness the announcement of practical steps.

    "The conference, which will be held tomorrow, Saturday, will witness the launch of the Development Road Project by Prime Minister Muhammad Shia'a al-Sudani, in the presence of 10 countries," Younis al-Kaabi, Director General of the [url=https://www.alsumaria.tv/Entity/2401542515/%D9%85%D8%AF%D9%8A%D8%B1%D9%8A%D8%A9 %D8%A7%D9%84%D8%B3%D9%83%D9%83 %D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF%D9%8A%D8%A9/ar/]Railways Directorate[/url] at the [url=https://www.alsumaria.tv/Entity/2065267199/%D9%85%D9%86%D8%B7%D9%82%D8%A9 %D9%83%D9%84%D8%A7%D8%B1 %D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%86%D9%82%D9%84/ar/]Ministry of Transport[/url], said in a statement, followed by Alsumaria News.

    He added, "The project will not necessarily witness the signing of a protocol, but will confirm the support of the countries present for this important and vital project, which will include a message from Iraq to those countries that the path of development will include all participating countries and will support the movement of trade with [You must be registered and logged in to see this link.], passing through Iraq."

    He continued, "The project is Iraqi par excellence, and the [url=https://www.alsumaria.tv/Entity/2559990544/%D9%85%D9%82%D8%A7%D8%B7%D8%B9%D8%A9 %D8%A8%D8%AF%D8%B1%D8%A9 %D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%86%D9%82%D9%84 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9/ar/]Iraqi Ministry of Transport[/url] is responsible for its implementation, and it will include a railway line and a highway starting from the port of Al-Faw in Basra Governorate, passing through the country's governorates, and reaching the Iraqi-Turkish border," pointing out, "The financing for the implementation of the development road for railways and roads will be completely Iraqi.

    Regarding the implementation period before the completion of the project, Al-Kaabi explained, "The preliminary and final studies of the project lasted a year, and we have now entered the design phase and launching the project tomorrow means starting practical steps in terms of topographic survey procedures, as well as soil investigations. Any conflicts that could stand in the way or path of the project.

    And he continued, "The official launch tomorrow will witness the announcement of the practical steps in each part of the project, and any part whose designs are completed will be referred to international bids within projects implemented by the best international companies."

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    "Development Road Project"... "expected" revenues of $5 billion, and an expert details its importanc Empty Minister of Transport: "The Road to Development" is a project in the interest of the countries of th

    Post by Rocky Sat 27 May 2023, 4:22 am

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    • SATURDAY, 05-27-2023, AM 11:56
       
    • KARRAR AL-ASADI


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    Today, Saturday, Minister of Transport, Razzaq Muhaibis, considered the development road project in the interest of all countries in the region, not just Iraq, while he announced that the first phase of operating the large port of Faw will start in the year 2025.
    "We affirm that the development path is a project that is in the interest of all countries in the region," Muheibes said in a speech delivered during the Development Road Conference held in Baghdad, noting that "the development road is a global corridor for the transportation of goods and energy, which achieves great development gains for Iraq and the countries of the region."
    He added, "The development road will transform the areas on both sides of it into factories, laboratories, warehouses, and investment projects, in addition to enhancing job opportunities, development, investment, and trade for the private and joint sectors."
    The minister also indicated that "our region needs an economic bloc, and the development path project will work to find a common meeting point that enhances the region's security and preserves its interests."
    And he went on to say that "there is work that is continuing rapidly in the great port of Faw project," pointing out that "our government intends to operate the first phase of the port of Faw at the end of 2025."
    The Iraqi Minister of Transport affirmed, "Seeking to solve all problems and obstacles that impede the progress of work in the port of Faw," stressing that "the percentage of completion achieved in the work of port projects exceeded 50 percent in its first phase."
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