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Economy News - Baghdad
On Wednesday, the Ministry of Transport revealed a proposal to establish a new project within the development road, and while it indicated that it had received the preliminary designs for the first section of the project, it confirmed that the road will include non-European countries such as Kazakhstan and Turkmenistan.
The Director General of Railways affiliated with the Ministry, Younis Al-Kaabi, told the Iraqi News Agency (INA), followed by “Al-Iqtisad News”: “There is international interest in the development road, and what reflects the success of the project is the level of attendance during the announcement of the road,” indicating that “the project will create an economic difference that is not "Not only in Iraq, but also in the countries of the region, and it will be part of the global economic corridors."
He added, "The project is a broad development and will accommodate all investment opportunities in Iraq," noting that "this corridor will connect the Gulf ports to Europe by land, and Turkey is considered a gateway for the project towards the European Union, as well as towards Kazakhstan and Turkmenistan, which contain railways connected to Turkey."
He stressed that "this road will also bring goods from the European Union to the Gulf through transit, and it will also transport travelers to Turkey, Europe and other countries," noting that "there is a proposal to extend a gas pipeline that passes through Iraq to export Iraqi gas towards the European market."
He stated that "most countries submitted offers from major international companies for investment, work and participation, in addition to consulting and design issues," explaining that "the designing company is Italian and is one of the largest companies designing transportation systems in Europe."
He stated, “We have received the preliminary designs for the first section of the road from the port of Al-Faw to Basra, approximately 150 km, and we urge the Italian company to complete the soil investigations and complete the final designs so that the section is ready,” pointing out that “the completion of any section of the road and the completion of the soil investigations will be announced as an international tender.” "There will be competition between major international companies."
Regarding the railway project between the governorates, Al-Kaabi indicated, “There is a tendency to establish mass transportation railway lines internally and between the governorates, the latest of which is the railway connection between the holy governorates of Karbala and Najaf to serve travelers and visitors,” pointing out that “the project is in its infancy and its implementation will be rapid.”
He explained, "During the current week, we will hold an initial meeting to discuss the project implementation mechanism."
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