It will connect to other provinces.
Iraq intends to build a rail network in its capital, Baghdad, building on postwar plans to rebuild and expand its infrastructure, an official said Thursday.
The National Investment Commission (NIC) plans to invite corporations to execute the allocation on an “investment basis,” said NIC Chairman Salar Amin.
He told Iraq’s official news firm that the network would also expand to connect the capital with the country’s governorates.
“There will be big projects in Baghdad this year in partnership with serious and experienced foreign companies. . . they come with the structure of a railway network in Baghdad and an extensive network to connect the capital to other governorates,” Amin said.
He said that NIC is working with the Ministry of Transport to “carry out the administrative and legal procedures” to be offering the assignment as an investment to foreign companies.
(Writing by Nadim Kawach; Edited by Anoop Menon)
(anoop. menon@lseg. com)
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment recommendations or reviews related to the relevance, price or profitability of any specific security, portfolio or investment strategy. Read our full disclaimer here.
© 2022