SHAFAQNA- Iraq launched a $17 billion project to turn itself into a regional transportation hub by developing its road and rail infrastructure, linking Europe with West Asia (the Middle East).
Once completed, the $17 billion project known as the “Route of Development” would span the length of the country, stretching 1,200 kilometres (745 miles) from the northern border with Turkey to the Persian Gulf in the south.
Prime Minister Al-Sudani announced the project during a conference with transport ministry representatives from Iran, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, Syria, Turkey and the United Arab Emirates.
“We see this project as a pillar of a sustainable non-oil economy, a link that serves Iraq’s neighbours and the region, and a contribution to economic integration efforts,” Sudani said.
While further discussions are required, any country that wishes “will be able to carry out part of the project”, the Iraqi parliament’s transport committee said, adding the project could be completed in “three to five years”.
Source: france24