Realist: news and analytics

Русский/English/العربية

  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts
No Result
View All Result
Realist: news and analytics
  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts
No Result
View All Result
Realist: news and analytics

Iraq unveils transport project worth $17 billion

The $17 billion logistics project, dubbed the "Route of Development," will link the port of Grand Fau in the oil-rich south of the country with the Turkish border in northern Iraq. It can compete with the Egyptian Suez Canal as a transport hub in the region.

   
June 1, 2023, 19:32
Business & Energy
Image: AFP

Image: AFP

BAGHDAD (Realist English). Iraq has launched an ambitious 1,200 km long railway and automobile infrastructure project covering the entire territory of the country. This route will connect Europe with the Middle East and Asia, Middle East Eye reports.

The $17 billion logistics project, dubbed the “Route of Development,” will link the port of Grand Fau in the oil-rich south of the country with the Turkish border in northern Iraq. It can compete with the Egyptian Suez Canal as a transport hub in the region.

Iraqi Prime Minister Mohammed Shia Al-Sudani unveiled the plan during a conference on May 27 with representatives of the transport ministers of Iran, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, Syria and the United Arab Emirates.

“We see this project as a pillar of a sustainable non-oil economy, a link that serves Iraq’s neighbors and the region, and a contribution to economic integration efforts,” Sudani said.

The project will include high-speed trains moving both goods and passengers at up to 300km per hour, and reconstructing the country’s road network. 

The existing railway network is a slow rail route for transporting oil and overnight passenger trains from Baghdad to Basra. It takes 12 hours to cover 500 km.

The new route will consist of about 15 stations, including cities such as Basra, Baghdad and Mosul.

The Iraqi parliament’s transport committee said that any country that wished to “will be able to carry out part of the project”, which it said would be completed in “three to five years”. 

Iraqi infrastructure has been ravaged by decades of conflict, including the US invasion and subsequent war in 2003, and the fight against the Islamic State group (an organization whose activities are prohibited in the Russian Federation), which seized almost a third of the country before being beaten back by late 2017. It was only by the end of 2017 that it was possible to clear the Iraqi territory of terrorists.

In recent years, Iraqis have seen a reduction in security measures and direct armed confrontations and bombings, but political gridlock and uncertainty has slowed the reconstruction process.

Middle EastIraq
Previous Post

DeSantis is betting on the polarization of American society

Next Post

States invest in nuclear arsenals as geopolitical relations deteriorate — SIPRI

Related Posts

US dollar to maintain dominance over next decade
Business & Energy

US dollar to maintain dominance over next decade

29 June, 2023
Photo: bloomberg.com
Business & Energy

Inflation rose at a 4% annual rate in May

13 June, 2023
Image: RIA Novosti
Business & Energy

The EU refuses to include in the new package of sanctions a ban on the import of the pipeline gas from the Russian Federation

17 May, 2023
Saudi Aramco’s profit in the first quarter fell by 19%
Business & Energy

Saudi Aramco’s profit in the first quarter fell by 19%

11 May, 2023
Image: gasandmoney.ru
Business & Energy

An unknown Indian company supplies millions of barrels of Russian oil

6 May, 2023
Michael Milken. Image: Getty
Business & Energy

American financier named the cause of the banking crisis

5 May, 2023
Most Popular
Most Popular
Donald Trump and Ron Desantis. Image: mediaproxy.salon.com

DeSantis is betting on the polarization of American society

31 May, 2023

WASHINGTON (Realist English). Florida Governor Ron Desantis will find it extremely difficult to defend his position, competing with ex-President, The...

Aram Torosyan on cinema, culture and beauty of Armenia

Aram Torosyan on cinema, culture and beauty of Armenia

24 May, 2023

YEREVAN (Realist English). Aram Torosyan, Director of Academy Films, answered these and other questions of the Realist News Agency. What...

Eduard Polatov: The genocide of the Greeks in Turkey is one of the dark pages in the history of the Turkish people

Eduard Polatov: The genocide of the Greeks in Turkey is one of the dark pages in the history of the Turkish people

19 May, 2023

YEREVAN (Realist English). 32 years have passed since the Phoenix Greek Society of Armenia, renamed to the Patrida organization, appealed...

Barack Obama. Image: cnn.com

When a problem arises in the world, we always look at how Washington responds — Barack Obama

4 May, 2023

ZURICH (Realist English). Former US President Barack Obama spoke in Zurich on the evening of April 29. The former head...

Opinion

Victor Mnatsakanyan

Yerevan should be a people city

4 September, 2023

YEREVAN (Realist English). Time and events make us look at many things in a new way, have a new attitude...

Mikhail Mishustin and Xi Jinping. Photo: Maxim Stulov / Vedomosti

Results of Mishustin’s visit to China: the struggle for world leadership takes on more concrete features

30 May, 2023

BEIJING (English Realist). The visit of Russian Prime Minister Mikhail Mishustin to China has ended. This is one of the...

Eduard Polatov: The genocide of the Greeks in Turkey is one of the dark pages in the history of the Turkish people

Eduard Polatov: The genocide of the Greeks in Turkey is one of the dark pages in the history of the Turkish people

19 May, 2023

YEREVAN (Realist English). 32 years have passed since the Phoenix Greek Society of Armenia, renamed to the Patrida organization, appealed...

Kemal Kılıçdaroğlu and Recep Erdoğan. Image: dha.com.tr

Erdogan’s rule is under real threat

9 May, 2023

ANKARA (Realist English). There are less than 10 days left before the presidential elections in Turkey. There, for the first...

All rights reserved.

© 2017-2022

  • About Us
  • Mission and Values
  • Contact Us
  • Privacy Policy

Follow Realist English

No Result
View All Result
  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts

Русский/English/العربية