Iraq’s prime minister announces 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 fromIraqi 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 the Grand Faw Port in Basra, in southern Iraq, which would be connected to Turkey, then to Europe, through a network of railways and highways.
The planned project, which would involve the construction of about 1,200 km of railways and highways, will be “an economic lifeline and a promising opportunity for the convergence of interests, history, and cultures,” said al-Sudani, adding it will “make our countries a source for modern industries and goods.”
The countries participating in Saturday's conference agreed to establish joint technical committees to move the project forward.
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