Home
[You must be registered and logged in to see this image.]
The Development Road Project is "ink on paper"... revealing the reasons for its "impossibility" to implement it and Baghdad's inability to "finance" it
[You must be registered and logged in to see this link.]
14:41 2023-06-29 35 Specific to "The Introvert" 0
The Development Road Project is "ink on paper"... revealing the reasons for its "impossibility" to implement it and Baghdad's inability to "finance" it
[You must be registered and logged in to see this link.]
14:41 2023-06-29 35 Specific to "The Introvert" 0
On the twenty-seventh of last May, Prime Minister Muhammad Shayaa al-Sudani announced, during an economic conference that includes a group of countries in the region, the launch of the "largest" project in Iraq, thus marking the birth of the "development method" project, which it is hoped will move Iraq economically to advanced stages. Unprecedented in the world, according to the description of foreign media.
The new project, which is expected to cost $20 billion upon completion, will link the port of Faw in Basra Governorate with land and railway transport routes in Turkey, thus turning Iraq into an "economic transportation point for goods and commodities between Europe and the East," whose strategic importance exceeds that provided by the Suez Canal in Egypt, so that Iraq will have The countries of the region participating in the project will receive expected and continuous "billions" of revenue through goods and transported goods, in addition to providing a "quick" land transport route that shortens the distance for companies and countries in their trade with each other around the world.
Despite the great optimism expressed by the foreign media about the project and the constant emphasis issued by Al-Sudani, according to the last meeting he held with the committee responsible for its implementation on the nineteenth of this month, to implement it as quickly as possible due to its great economic importance in conjunction with the growing concern over Iraq’s continued dependence on oil. As its main resource, however, other facts began to emerge through foreign reports and analyses, talking about the "possibility" of implementing the project and implementing it on the ground, given the challenges facing the Iraqi authorities.
The problems and challenges that vary between the security difficulties in securing it in the event of its implementation and even providing the necessary capital for that, in addition to the interventions of the countries of the region and the absence of any actual agreement so far that governs the work of the project and prevents "conflict of interests" and the impact of rampant corruption in the Iraqi state on its reality, which now represent a source of doubt. It is "actual" that the project be more than a "waking dream" emanating from the Iraqi authorities, and nothing more.
There is no funding yet.. The project is still "ink on paper"
The first challenge facing the Iraqi authorities in their endeavors to implement the Development Road Project is to provide sufficient capital for its establishment. And the statements of economic analysts familiar with the situation in Iraq confirm that the real value of the project will exceed the barrier of twenty billion dollars, and not as the Iraqi authorities announced that it is only seventeen billion.
According to the information revealed by the network, the Iraqi government has not yet been able to provide the necessary funds to implement the project, confirming, quoting analysis centers and specialists, "it is still clear until now whether the Iraqi government intends to finance the project from its budget or rely on foreign investment to provide capital." The main money for the project,” continued, “According to the study of the Iraqi budget and economic conditions, the government in Baghdad will not be able to provide the full amount required to implement the project, which announced its intention to complete it within three years only.”
Despite the great importance of the project and the "enormous" economic benefit that it may bring to the countries of the region, especially Turkey and Iran, these countries, according to the network, may not take actual steps to finance the local project due to many reasons that they see as challenges that prevent its implementation and are related to the current reality of Iraq. The security and economic level, the most important of which is "the proliferation of armed groups and rampant corruption within the Iraqi authority."
Lack of confidence in the ability of the Iraqi government to implement the project or secure work on it in the event of providing capital. The network said that it is the biggest obstacle now in front of persuading foreign investors to spend money on the project, despite the lack of clarity of the Iraqi government in revealing the source through which it is expected to be funded. project, but the idea of "foreign investment" is still far from reality, according to its description.
Foreign specialists and analysis centers confirmed to the network that the project is still an "ambitious plan" today, stressing that there are no actual moves issued by the Iraqi authorities to secure the necessary funds for its implementation or to communicate with countries in the region to facilitate its work through official agreements governing the transport of goods and commodities through the "massive" project. Which will provide fast transportation routes, in addition to railway lines extending through the Iraqi governorates to Turkey, with a length of 1,200 km.
Corruption and the absence of agreements...the project is "unimplementable"
The spread of corruption within the Iraqi authority, which placed it in the 157th position out of 180 countries in the International Corruption Index, has also become one of the most important obstacles to the implementation of the project, as the network clarified that the reluctance of investors and countries to finance the project is not the only major reason impeding its implementation, but rather the concern that This money goes without real progress as a result of the spread of the aforementioned corruption.
For their part, the Iraqi authorities, despite Al-Sudani's "emphasis" on the importance of implementing it urgently, have not yet announced that an agreement has been reached with a foreign company or companies to implement it. The most likely to accept work in the Iraqi conditions "charged with corruption", will not be able to complete the project on its own due to the presence of other obstacles in addition to the above, the biggest of which are "security" risks and "foreign interference".
Baghdad and until now, according to the center, no agreements or official talks have been concluded with any countries in the region in order to secure the project’s work except with Turkey only, stressing that the project’s entry into force without the existence of formal agreements governing its work with the countries of the region that own their own ports will lead to “conflict.” Interests" leads to a political and diplomatic conflict and additional difficulties that the Iraqi authorities will not be able to overcome, and they will greatly affect the implementation of the project, according to his description.
The Center also confirmed that the previous obstacles, especially financial and corruption-related in addition to political and diplomatic ones, make the implementation of the announced project "unfeasible" unless it is addressed quickly prior to any actual move by the authorities towards its implementation, which the New Arab network confirmed did not even happen. today.
The American Engineer and Resilience Company.. The project is not "flexible" enough
The absence of confirmation so far about funding sources or foreign companies that might agree to implement the project, showed a wave of negative expectations from foreign analysis centers, according to the network, as Irfan Saeed, a researcher at the Washington DC Institute, confirmed, “Western companies have great sensitivity in Dealing with conditions tainted by corruption or security risks," which leaves the Iraqi authorities with only the option of Chinese companies, according to his description.
In addition to these companies, the center also confirmed that the establishment of the Al-Muhandis Company affiliated with the Popular Mobilization Forces inside Iraq, by decision of Al-Sudani in November 2022, added an additional “ring of doubt” to the project issued by Western companies and governments, especially the Americans, stressing that the United States “is not clear about the position so far regarding Whether or not it will support the implementation of the project" due to the possibility that the engineer's company will be involved in its implementation.
The uncertainty of the United States about its position had another reason, according to what was announced by the Turkish Daily Sabah newspaper, where it confirmed that the project "will be positive for Iran," which may lead the United States not to agree to its implementation, in addition to the presence of what it said are "internal Iranian parties that have Influencing the Iraqi decision, it sees the project as an economic threat to Iran and its own plans for the Gulf and the transportation routes associated with it.
The transgression of the challenges facing the project and the absence of any "actual steps" issued by the Iraqi government until the moment, from securing its economic financing to providing the necessary agreements for its work with the countries of the region, made the project "inflexible", according to Ziyad Al-Hashemi, an economist, in an interview.Agency Network France PressStressing, despite the Iraqi government's attempts to portray the project in a positive light confirming its success and thus achieving great economic benefits for the country, including combating unemployment and reducing its dependence on oil, the companies transporting goods and commodities "prefer to transport them directly from Asia to Europe without going through the processes of unloading from ships and shipping Through trains and roads, and then reloading again with different ships from the Turkish side," which he indicated would actually affect the possibility of success of the project, if implemented.
Security risks.. Additional costs keep the project away from realism
The Daily Sabah newspaper Which reflected the "optimism" of the Turkish authorities about the project, which they said would provide "tremendous" benefits to the Turkish economy. She also confirmed the existence of other challenges in addition to what was mentioned by foreign analysis centers, explaining that "the security challenges are still very great in front of the possibility of realizing the project," according to her description. .
She explained, "The proliferation of armed groups and factions, in addition to active organizations in Iraq such as the PKK, weakens the possibility of implementing the project on the ground," stressing, "It is very clear that the Iraqi security forces are not the first in control of the security situation in the country and do not have the ability to secure roads across All of Iraq and repelling the attacks of these groups on the transport lines, which is likely to happen with the aim of blackmailing the Iraqi authorities by these groups to obtain funds.
One of the proposed solutions, according to the information revealed by the Turkish newspaper, is Iraq bringing in "private security companies or forces of foreign countries to secure the implementation of the project and protect roads and railways carrying goods, which will impose on the Iraqi authorities either very large additional costs for the project, or diplomatic efforts." It is very difficult to convince countries to protect the project inside Iraq," according to its description.
In the end, Iraq's entry into the "New Silk Road" project in 2015 with China, through which it aims to create a transportation network for goods and commodities that includes 130 countries, will not be the main financier of the current project, according to the network's description, denying reports of "Chinese intentions" to finance it. While confirming the current obstacles, the most important of which is "the inability of the Iraqi budget to finance the project individually, the reluctance of investors to enter the project as a result of the spread of corruption in addition to security risks and the absence of any actual moves by the Iraqi government to address these challenges, which led to the project being so far Just an idea that is not really applicable on the ground," according to what the foreign centers concluded.
[You must be registered and logged in to see this link.]
The new project, which is expected to cost $20 billion upon completion, will link the port of Faw in Basra Governorate with land and railway transport routes in Turkey, thus turning Iraq into an "economic transportation point for goods and commodities between Europe and the East," whose strategic importance exceeds that provided by the Suez Canal in Egypt, so that Iraq will have The countries of the region participating in the project will receive expected and continuous "billions" of revenue through goods and transported goods, in addition to providing a "quick" land transport route that shortens the distance for companies and countries in their trade with each other around the world.
Despite the great optimism expressed by the foreign media about the project and the constant emphasis issued by Al-Sudani, according to the last meeting he held with the committee responsible for its implementation on the nineteenth of this month, to implement it as quickly as possible due to its great economic importance in conjunction with the growing concern over Iraq’s continued dependence on oil. As its main resource, however, other facts began to emerge through foreign reports and analyses, talking about the "possibility" of implementing the project and implementing it on the ground, given the challenges facing the Iraqi authorities.
The problems and challenges that vary between the security difficulties in securing it in the event of its implementation and even providing the necessary capital for that, in addition to the interventions of the countries of the region and the absence of any actual agreement so far that governs the work of the project and prevents "conflict of interests" and the impact of rampant corruption in the Iraqi state on its reality, which now represent a source of doubt. It is "actual" that the project be more than a "waking dream" emanating from the Iraqi authorities, and nothing more.
There is no funding yet.. The project is still "ink on paper"
The first challenge facing the Iraqi authorities in their endeavors to implement the Development Road Project is to provide sufficient capital for its establishment. And the statements of economic analysts familiar with the situation in Iraq confirm that the real value of the project will exceed the barrier of twenty billion dollars, and not as the Iraqi authorities announced that it is only seventeen billion.
According to the information revealed by the network, the Iraqi government has not yet been able to provide the necessary funds to implement the project, confirming, quoting analysis centers and specialists, "it is still clear until now whether the Iraqi government intends to finance the project from its budget or rely on foreign investment to provide capital." The main money for the project,” continued, “According to the study of the Iraqi budget and economic conditions, the government in Baghdad will not be able to provide the full amount required to implement the project, which announced its intention to complete it within three years only.”
Despite the great importance of the project and the "enormous" economic benefit that it may bring to the countries of the region, especially Turkey and Iran, these countries, according to the network, may not take actual steps to finance the local project due to many reasons that they see as challenges that prevent its implementation and are related to the current reality of Iraq. The security and economic level, the most important of which is "the proliferation of armed groups and rampant corruption within the Iraqi authority."
Lack of confidence in the ability of the Iraqi government to implement the project or secure work on it in the event of providing capital. The network said that it is the biggest obstacle now in front of persuading foreign investors to spend money on the project, despite the lack of clarity of the Iraqi government in revealing the source through which it is expected to be funded. project, but the idea of "foreign investment" is still far from reality, according to its description.
Foreign specialists and analysis centers confirmed to the network that the project is still an "ambitious plan" today, stressing that there are no actual moves issued by the Iraqi authorities to secure the necessary funds for its implementation or to communicate with countries in the region to facilitate its work through official agreements governing the transport of goods and commodities through the "massive" project. Which will provide fast transportation routes, in addition to railway lines extending through the Iraqi governorates to Turkey, with a length of 1,200 km.
Corruption and the absence of agreements...the project is "unimplementable"
The spread of corruption within the Iraqi authority, which placed it in the 157th position out of 180 countries in the International Corruption Index, has also become one of the most important obstacles to the implementation of the project, as the network clarified that the reluctance of investors and countries to finance the project is not the only major reason impeding its implementation, but rather the concern that This money goes without real progress as a result of the spread of the aforementioned corruption.
For their part, the Iraqi authorities, despite Al-Sudani's "emphasis" on the importance of implementing it urgently, have not yet announced that an agreement has been reached with a foreign company or companies to implement it. The most likely to accept work in the Iraqi conditions "charged with corruption", will not be able to complete the project on its own due to the presence of other obstacles in addition to the above, the biggest of which are "security" risks and "foreign interference".
Baghdad and until now, according to the center, no agreements or official talks have been concluded with any countries in the region in order to secure the project’s work except with Turkey only, stressing that the project’s entry into force without the existence of formal agreements governing its work with the countries of the region that own their own ports will lead to “conflict.” Interests" leads to a political and diplomatic conflict and additional difficulties that the Iraqi authorities will not be able to overcome, and they will greatly affect the implementation of the project, according to his description.
The Center also confirmed that the previous obstacles, especially financial and corruption-related in addition to political and diplomatic ones, make the implementation of the announced project "unfeasible" unless it is addressed quickly prior to any actual move by the authorities towards its implementation, which the New Arab network confirmed did not even happen. today.
The American Engineer and Resilience Company.. The project is not "flexible" enough
The absence of confirmation so far about funding sources or foreign companies that might agree to implement the project, showed a wave of negative expectations from foreign analysis centers, according to the network, as Irfan Saeed, a researcher at the Washington DC Institute, confirmed, “Western companies have great sensitivity in Dealing with conditions tainted by corruption or security risks," which leaves the Iraqi authorities with only the option of Chinese companies, according to his description.
In addition to these companies, the center also confirmed that the establishment of the Al-Muhandis Company affiliated with the Popular Mobilization Forces inside Iraq, by decision of Al-Sudani in November 2022, added an additional “ring of doubt” to the project issued by Western companies and governments, especially the Americans, stressing that the United States “is not clear about the position so far regarding Whether or not it will support the implementation of the project" due to the possibility that the engineer's company will be involved in its implementation.
The uncertainty of the United States about its position had another reason, according to what was announced by the Turkish Daily Sabah newspaper, where it confirmed that the project "will be positive for Iran," which may lead the United States not to agree to its implementation, in addition to the presence of what it said are "internal Iranian parties that have Influencing the Iraqi decision, it sees the project as an economic threat to Iran and its own plans for the Gulf and the transportation routes associated with it.
The transgression of the challenges facing the project and the absence of any "actual steps" issued by the Iraqi government until the moment, from securing its economic financing to providing the necessary agreements for its work with the countries of the region, made the project "inflexible", according to Ziyad Al-Hashemi, an economist, in an interview.Agency Network France PressStressing, despite the Iraqi government's attempts to portray the project in a positive light confirming its success and thus achieving great economic benefits for the country, including combating unemployment and reducing its dependence on oil, the companies transporting goods and commodities "prefer to transport them directly from Asia to Europe without going through the processes of unloading from ships and shipping Through trains and roads, and then reloading again with different ships from the Turkish side," which he indicated would actually affect the possibility of success of the project, if implemented.
Security risks.. Additional costs keep the project away from realism
The Daily Sabah newspaper Which reflected the "optimism" of the Turkish authorities about the project, which they said would provide "tremendous" benefits to the Turkish economy. She also confirmed the existence of other challenges in addition to what was mentioned by foreign analysis centers, explaining that "the security challenges are still very great in front of the possibility of realizing the project," according to her description. .
She explained, "The proliferation of armed groups and factions, in addition to active organizations in Iraq such as the PKK, weakens the possibility of implementing the project on the ground," stressing, "It is very clear that the Iraqi security forces are not the first in control of the security situation in the country and do not have the ability to secure roads across All of Iraq and repelling the attacks of these groups on the transport lines, which is likely to happen with the aim of blackmailing the Iraqi authorities by these groups to obtain funds.
One of the proposed solutions, according to the information revealed by the Turkish newspaper, is Iraq bringing in "private security companies or forces of foreign countries to secure the implementation of the project and protect roads and railways carrying goods, which will impose on the Iraqi authorities either very large additional costs for the project, or diplomatic efforts." It is very difficult to convince countries to protect the project inside Iraq," according to its description.
In the end, Iraq's entry into the "New Silk Road" project in 2015 with China, through which it aims to create a transportation network for goods and commodities that includes 130 countries, will not be the main financier of the current project, according to the network's description, denying reports of "Chinese intentions" to finance it. While confirming the current obstacles, the most important of which is "the inability of the Iraqi budget to finance the project individually, the reluctance of investors to enter the project as a result of the spread of corruption in addition to security risks and the absence of any actual moves by the Iraqi government to address these challenges, which led to the project being so far Just an idea that is not really applicable on the ground," according to what the foreign centers concluded.
[You must be registered and logged in to see this link.]
» utube 7/2/24 MM&C part 1 Iraqi DinarPart 1 - IQD Update - Progession of Intergr
» Iraq's Economy Under the Bullets: How Violence Affects Investment
» Behind the Shadow: Lobbies in America Want to Control Iraq... and Representative Arab: Attempts to Q
» The dollar in the parallel market.. Al-Sudani’s advisor presents a different vision and economic exp
» More than one billion dollars is the volume of trade exchange between Iraq and Brazil
» Two years to complete the project.. Japan continues $ 4.5 billion to build an oil refinery in Iraq
» Bloomberg Survey: OPEC Oil Production in June Stabilizes for Third Month, Here's Iraq's Position
» Chairman of the Securities Commission: The value of traded shares during the first half of 2024 amou
» After decades of neglect.. A government plan to revive Maysan factories
» Law: Maliki’s call for early elections “still stands”
» MP: Washington failed in 5 Iraqi files
» Oil clarifies regarding the employment of national workers in licensing round projects
» Interior Ministry gives citizens 6 months to register and sell their weapons: Life imprisonment awai
» US Ambassador visits Chief Justice
» The National Approach Parliamentary Party calls for the enactment of the Marshlands Law
» Electricity pledges to improve supplies by mid-month
» Prime Minister: We will not deviate from the mission of completing sovereignty
» Joint meeting to unify border crossing procedures
» "Strategic projects" between Iraq and Turkey in the water file
» Transportation: Five platforms nearing completion
» 3.5 million fiber optic lines to homes completed
» Oil companies.. global environmental standards and an absent law
» Rafidain Bank announces the implementation of the comprehensive banking system in the pharmacists’ b
» Iraqi-Pakistani agreement to develop agricultural cooperation in various fields
» "Under Strict Surveillance" Organized Crime Tracks Weapons Buying and Selling on Social Media
» "Public money" returns to the forefront and warnings against its exploitation for election propagand
» Massoud Barzani in Baghdad on Wednesday for the first time in 6 years.. What does he bring?
» 20 products in the first phase.. A three-year plan to revive Maysan factories
» Basra-Aqaba Pipeline.. American orders, Iraqi implementation, and Zionist benefit
» MP: We are waiting for the Foreign Ministry’s response to “Woltz’s” transgression, otherwise we will
» Parliamentary Integrity Commission reveals “routine procedures” that hinder the recovery of smuggled
» State Administration Coalition receives government program report: 68% implemented (video)
» An expert identifies three reasons for the return of the dollar’s rise and confirms: The solution
» Agriculture obliges livestock importers and butchers to set fixed meat prices
» London.. Mohammed Shukri represents the Prime Minister of the Kurdistan Regional Government at the (
» Health announces deduction rates for those covered by health insurance services
» Parliamentary Finance reveals the effects of the increase in oil prices and its difference in the 20
» Increase in sales of foreign remittances in the Central Bank of Iraq auction
» Barzani to visit Baghdad tomorrow, Wednesday
» Al-Sudani to Palestinian official: Iraq continues efforts to alleviate the suffering of civilians be
» Implementation of the comprehensive banking system of Rafidain Bank in 31 branches
» For the third month in a row, OPEC oil production remains stable
» MPs' opinions differ on the possibility of holding an extraordinary session to decide the position o
» What are the most important files that Massoud Barzani is scheduled to discuss in Baghdad tomorrow?
» Circumstances of “attacking the director of Al-Sha’la Municipality”: Brokers are outlaws, not citize
» The "exceptional" Turkish activity in the north is aided by Iraqi hands.. What is the story of the s
» Difficulty of amending employee salary scales.. What are the obstacles?
» "Baghdad Municipality is watching"... Merchants are violating the laws and taking over the sidewalks
» utube 6/26/24 MM&C IQD Update-Iraqi Dinar-2024 Budget Deficit is Hypothetical-
» MM&C 6/29/24 Dinar Explainer 1: Why Iraq has Two Exchange Rates
» MM&C 6/30/24 RK completes the first phase of the automation project and reveals its revenues within
» Minister of Labor directs preparation of a study on digital transformation within the ministry
» Minister of Labor directs review of controls for granting loans
» A government agreement to activate electronic payment in pharmacies and stores
» Parliamentary Finance reveals the effects of the oil price increase and its differences in the 2023
» The Service Council begins distributing holders of advanced and top diplomas
» Al-Emaar announces investment opportunities for residential cities soon in these governorates
» The Wasit government is discussing the Chinese Oasis Company's oil projects in the governorate
» Telecommunications announces the completion of 3.5 million FTTH fiber optic lines
» The truth about the "Syrian-Turkish" meeting in Baghdad.. What do the three parties benefit from?
» A deputy reveals the reasons for the increase in the number of “blacklisted wanted persons”
» Kurdistan delivers more than 70 billion dinars to the federal government in non-oil revenues for the
» Parliamentary Legal: Laws stalled in Parliament need political consensus
» A joint meeting between the governments of Baghdad and Erbil to unify border crossing procedures
» Al-Sudani: If it weren't for the strong ties, the different clans and figures wouldn't have joined t
» A new decision from the Central Bank regarding granting dollars to travelers
» Parliament is awaiting consensus to approve a package of laws
» Oil Exploration signs a contract to implement seismic surveys for the Khana oil patch with the Chine
» Al-Bajari: The government’s policies towards stopping local factories and laboratories are “shy”
» Joint meeting between the federal government and the region on mechanisms for unifying procedures at
» Al-Rasheed Bank announces raising the salaries of civilian and military retirees for the month of Ju
» Non-oil revenues... Kurdistan Region Finance deposits more than 70 billion dinars in the federal tre
» Minister of Environment: Infrastructure for environmental improvement is considered one of the gover
» The President of the Republic denounces the infringement on the independence of the Iraqi judiciary.
» Parliament considers the control of economic committees the reason for the failure of some ministrie
» Al-Sudani directs to settle expropriations along the development road path
» US Congressional Lobby: Kurdish alliances and the Iraqi opposition against Baghdad
» Al-Sudani emphasizes fortifying the state with the constitution and the law
» Popular Movement: The American Embassy obstructs Iraq’s accession to the Belt and Road Initiative
» Suleiman: There are no government solutions to stop Turkish violations
» State of law: There is no lawsuit against Al-Halbousi despite his conviction for forgery
» Basra Council intends to vote on the 2024 projects plan
» Deputy demands that public opinion be revealed about the importance of the Aqaba pipeline
» Al-Sudani emphasizes fortifying the state and its institutions and enhancing their effectiveness thr
» Economist: The Aqaba pipeline will cost Iraq $28 billion
» Türkiye: We have a strategic agreement on the water file with Iraq
» Iraq hosts a “Turkish-Syrian” meeting with Chinese and Iranian support
» Postponing the distribution of retirees’ salaries until tomorrow due to the bank holiday
» Good news for Iraqi retirees
» Iraqi citizens are surprised by the refusal of government banks to sell dollars to pilgrims
» Baghdad-Erbil dispute delays opening of Yazidi mass grave in Sinjar for 9 years
» A significant increase in foreign remittance sales at the Iraqi Central Auction
» The head of the Media Commission confirms Iraq's commitment to bridging the digital gap
» The Prime Minister's Advisor announces that Iraq has completed its integration steps by providing sa
» Minister of Interior inaugurates advanced color printing factory for national cards
» Most notably, "owning a sufficient number of cars".. Transport clarifies the controls for the work o
» "Joint Projects" Minister of Resources Explains Details of Water Talks with Turkish Side
» The service effort completes its work and opens the Al-Shumukh area in Baghdad