Monday, 26 September 2011

Iraq: Transport Ministry plans $70bn national rail network

Ministry of Transport plans for a $70 billion rail network that links the Iraqi provinces with high-speed trains travelling at 240km/hour have been submitted to the cabinet for approval, says a senior ministry official.

Deputy transport minister Bangin Rekani told AKnews that the project has been submitted to the council of ministers as part of a scheme to connect Iraq with neighbouring countries, develop internal transportation and boost the economy.

The ministry has insufficient funds to implement the project, and therefore is awaiting the approval of the council of ministers to dedicate extra funds.

For more news and expert analysis about Iraq, please see Iraq Focus.

© 2011 Menas Associates

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