Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home News

Iraq Unveils $17 Billion Project Connecting Asia and Europe via Road and Rail

Marian RomainebyMarian Romaine
May 27, 2023
in News
0
Iraq Unveils $17 Billion Project Connecting Asia and Europe via Road and Rail
Share on FacebookShare on TwitterShare on Whatsapp

In a momentous move to revitalize its economy following years of conflict and turmoil, Iraq has launched a $17 billion project aimed at linking a major commodities port on its southern coast to the Turkish border through an extensive network of roads and railways.

Known as the Development Road, this ambitious initiative aims to connect Iraq’s oil-rich southern region, home to the Grand Faw Port, with Turkey, ultimately transforming the country into a crucial transit hub. By significantly reducing travel time between Asia and Europe, Iraq seeks to establish itself as a formidable competitor to the Suez Canal.

The envisioned Development Road project involves the integration of high-speed trains capable of transporting goods and passengers at speeds of up to 300 kilometers (186.41 miles) per hour. Furthermore, it will establish connections to local industrial centers and may include the incorporation of oil and gas pipelines, adding an energy component to the venture. This significant upgrade would mark a departure from Iraq’s current outdated transportation infrastructure.

At present, Iraq’s railway system operates only a limited number of lines, including slow-moving oil freight and a single overnight passenger train journey from Baghdad to Basra, which takes between 10 to 12 hours to cover a distance of 500 kilometers.

The Grand Faw Port, initially proposed more than a decade ago, is now halfway towards completion, according to Fartousi. The revival of passenger transport between Iraq and Europe harks back to ambitious plans from the early 20th century to establish a Baghdad to Berlin express route.

The announcement of this landmark project took place during a conference focused on attracting interest and investment from Arab Gulf states, Syria, Jordan, and other Arab nations. A senior government official expressed the readiness to welcome regional investment opportunities.

Iraq has long promised development, but its infrastructure has remained in a state of disrepair, despite efforts by Prime Minister Mohammed Shia al-Sudani’s government to rebuild roads and bridges. However, officials assert that the Development Road project is distinct in its foundation, as it builds upon a period of relative stability experienced since late last year, which they hope will persist.

According to Fartousi, if the project gets going early next year as planned, it is expected to reach completion in 2029.

Tags: Iraqlaunched a $17 billion projectrevitalize its economy following years of conflict
Marian Romaine

Marian Romaine

Marian Romaine is a seasoned content writer with a passion for translating complex technological concepts into accessible and engaging content.She is dedicated to creating engaging and informative content aiming to enhance both reader engagement and search engine visibility. Her writing combines a deep understanding of the subject matter with a talent for crafting clear, concise, and informative pieces.With 3 years of industry experience, her expertise includes crafting blog posts, articles, social media content, and website copy.

Related Posts

Are ICE Tracking Apps a Security Risk? Behind Apple's Controversial Removal
News

Are ICE Tracking Apps a Security Risk? Behind Apple’s Controversial Removal

October 3, 2025
How Did the Manchester Synagogue Attack Unfold? A Minute-by-Minute Timeline
News

How Did the Manchester Synagogue Attack Unfold? A Minute-by-Minute Timeline

October 2, 2025
What Does a 'State of Calamity' Mean for the Philippine Province Struck by Earthquake?
News

What Does a ‘State of Calamity’ Mean for the Philippine Province Struck by Earthquake?

October 1, 2025
Next Post
Erling Haaland Clinches Premier League Player of the Year Award

Erling Haaland Clinches Premier League Player of the Year Award

Senate Holds Emergency Plenary to Discuss Central Bank of Nigeria Act Amendment and More

Senate Holds Emergency Plenary to Discuss Central Bank of Nigeria Act Amendment and More

Ogun State Police Commences Search For Armed Robbers That Escaped With $11m in Abeokuta

Ogun State Police Commences Search For Armed Robbers That Escaped With $11m in Abeokuta

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

5:0? Mikel Arteta: It’s time to go!

5:0? Mikel Arteta: It’s time to go!

4 years ago
Senate Halts Tax Bill for AGF Meeting

Senate Halts Tax Bill for AGF Meeting

10 months ago
Two Fatalities Reported from Nipah Virus in India’s Kerala State

Two Fatalities Reported from Nipah Virus in India’s Kerala State

2 years ago
Presidency: Rotational presidency or competence, which one should prevail?

Presidency: Rotational presidency or competence, which one should prevail?

4 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Is Parental Leave Now Equal in South Africa? Breaking Down the Top Court’s Decision

Are ICE Tracking Apps a Security Risk? Behind Apple’s Controversial Removal

Is LAX at Risk? Chevron Refinery Fire Erupts in Key Jet Fuel Unit

What Does the India-China Flight Resumption Mean for Travelers and Trade?

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

Oba Ewuare II Dismisses Iyaloja Role In Benin

Trending

Tuchel Drops Bellingham and Foden from the England Squad as Saka Returns
Sports

Tuchel Drops Bellingham and Foden from the England Squad as Saka Returns

byHashim Kolawole
October 3, 2025
0

Thomas Tuchel, the person in charge of the English national team, did not include Jude Bellingham and...

Chelsea vs Liverpool: Stamford Bridge Showdown Could Define Early Title Race

Chelsea vs Liverpool: Stamford Bridge Showdown Could Define Early Title Race

October 3, 2025
Is Charlie Kirk a Racist?

Is Charlie Kirk a Racist?

October 3, 2025
Is Parental Leave Now Equal in South Africa? Breaking Down the Top Court's Decision

Is Parental Leave Now Equal in South Africa? Breaking Down the Top Court’s Decision

October 3, 2025
Are ICE Tracking Apps a Security Risk? Behind Apple's Controversial Removal

Are ICE Tracking Apps a Security Risk? Behind Apple’s Controversial Removal

October 3, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Tuchel Drops Bellingham and Foden from the England Squad as Saka Returns
  • Chelsea vs Liverpool: Stamford Bridge Showdown Could Define Early Title Race
  • Is Charlie Kirk a Racist?

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com