Infrastructure News

Iraq plans $17 billion transportation project linking Asia to Europe, ET Infra

IRBIL: Iraq’s PM 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 meet in Baghdad that convened transport ministers and representatives from Iraq, the Gulf countries, Turkiye, Iran, Syria, and Jordan.

Iraqi PM Mohammed Shia al-Sudani said the planned Development Road project would facilitate the movement of goods from the Gulf to Europe first to Turkiye, then to Europe, through a network of railways and highways. The project, which would involve the construction of 1,200 km of railways and highways, will be “an economic lifeline,” said al-Sudani.

  • Published On May 29, 2023 at 08:24 AM IST

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