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Iraq launched a $17 billion project on Saturday to link a major commodities port on its southern coast by rail and roads to the border with Turkey, in a move designed to transform the country's economy after decades of war and crisis.
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Baghdad is hosting the transport ministers of GCC states, Iran, Turkey, Syria and Jordan to discuss the initiative
Govt envisions high-speed trains moving goods and passengers at up to 300km per hour
Iraq presented this Saturday, May 27, a project to build a road and a railway linking the Gulf to Turkey. The project, valued at $17 billion by the Iraqi government, is still in its infancy. The first shovel of this 1,200-kilometre corridor has not been given. According to Baghdad's wishes, the road and railway will have to be carried out in cooperation with countries in the region: Qatar, the United Arab Emirates, Kuwait, Syria, Oman, Jordan, Turkey, Iran and Saudi Arabia.
Iraq’s prime minister on Saturday announced plans for a $17 billion regional transportation project intended to facilitate the flow of goods from Asia to Europe. The announcement was made at a one-day conference in Baghdad that convened transport ministers and representatives from Iraq, the Gulf countries, Turkey, Iran, Syria, and Jordan. Iraqi Prime Minister Mohammed Shia al-Sudani said the planned Development Road project would facilitate the movement of goods from the Gulf to Europe by way of