Iraq launches $17 billion road and rail project to link Asia and Europe
newscatcher
2023-05-28 04:31
Iraq launches $17 billion road and rail project to link Asia and Europe
BAGHDAD — 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. The Development Road aims to tie the Grand Faw Port in Iraq's oil-rich south to Turkey, turning the country into a transit hub by shortening travel time between Asia and Europe in a bid to rival the Suez Canal. 'The Development Road is not just a road to move goods or passengers.

https://newsinfo.inquirer.net/1775868/iraq-launches-17-billion-road-and-rail-project-to-link-asia-and-europe

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