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{Baghdad Metro} is a vital project to end congestion
Iraq 07/28/2024
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Prime Minister Mohammed Shia Al-Sudani received, last Thursday, the approval of the coalition of international companies that won the investment opportunity for the Baghdad Metro. According to government advisors and experts in the field, the vital project, which is expected to be completed in 2028, will contribute to ending traffic congestion in the capital completely.
The Prime Minister's Advisor for Financial and Economic Affairs, Dr. Mazhar Muhammad Salih, said in an interview with Al-Sabah: "The approval of the coalition of companies that won the Baghdad Metro project undoubtedly confirms the accuracy of proceeding with the adoption and implementation of the government program and its basic principles and priority, given that the current government is a government of services, and that it is proceeding with infrastructure projects with confident steps and according to a precise executive and practical outline."
He pointed out that "the year 2024 is the year of accelerated achievements according to the government's priorities, especially in moving infrastructure projects, including the Baghdad Metro project, which has been long awaited for 45 years," and explained that "the project is one of the strategic projects in public transportation that concerns Greater Baghdad, which today includes nearly nine million people or a fifth of the country's population."
He added, "The project will undoubtedly provide economic activity and solve the problems of individual transportation, and thus the capital will enter a new advanced phase based on the practical start of the establishment of a major public transportation base, through what the coalition of companies will undertake by starting with the point of starting immediate work in the coming days." In turn, the Prime Minister's Advisor for Transportation Affairs, Nasser Al-Asadi, said: "The coalition that won the Baghdad Metro project consists of a group of companies, as 9 companies joined together in one coalition and applied for the project," indicating that "the coalition consists of the largest train companies in the world specializing in metro work, and includes global design companies," indicating that "the time frame for the project is 4 years, at an estimated cost of 18 billion dollars." He explained that "the train will pass through 85 percent of the capital's areas," and he pointed out that "the project is the largest in the region and will solve the transportation crisis to a large extent," expressing his hope that "the project will be global."
For his part, Dr. Aqeel Jabr Al-Muhammadawi, a specialist in private sector development and finance, told Al-Sabah that “the companies that were approved won the golden opportunity to design and implement the project, and were chosen according to controls and standards that were carefully prepared to implement the long-awaited project within four years.”
Al-Muhammadawi called on political and economic decision-makers to include this project within the combination of Iraq’s 2030 development vision and analyze its essential gains, “and allocate a distinctive design that simulates the components of the hoped-for and planned development strategy in Baghdad and Iraq to instill a new spirit to gain the confidence of local investors, and work to reorganize foreign capital and enhance mutual trust with investors, in addition to building an economic climate for a sound investment environment.”
Editing: Abdul Rahman Ibrahim
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