With an aim to promote trade and investment with Ankara and Europe, Iraq has launched a unit to oversee the execution of a US$17 billion project for the construction of a rail and road link with Turkey, according to Transport Ministry Spokesperson Shada Radi. The new office would contact Gulf states and other countries for possible cargo contribution to the project, one of the largest rail projects in the Middle East. The ‘Development Road’ will start from Faw Port, under construction in South Iraq, and till the end of Turkey’s border. “We have just started practical measures to launch this major project….the measures include soil surveying for the path of the rail and the road as well as the launching of a project headquarters at the Ministry to oversee the execution of the project,” Radi said in a statement published by Aliqtisad News and other Iraqi publications. Last news. Image courtesy Em SkyCargo from its ad campaigner.
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