{"id":70832,"date":"2023-05-17T00:00:00","date_gmt":"2023-05-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/iraqs-development-road-project-connecting-it-to-turkey-will-cost-usd-17-bn\/"},"modified":"2023-05-17T00:00:00","modified_gmt":"2023-05-17T00:00:00","slug":"iraqs-development-road-project-connecting-it-to-turkey-will-cost-usd-17-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/iraqs-development-road-project-connecting-it-to-turkey-will-cost-usd-17-bn\/","title":{"rendered":"Iraq\u2019s Development Road Project connecting it to Turkey will cost USD 17 bn"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Iraq\u2019s <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7d9637b5-dc6c-4852-8564-f4aa8f737e4c\" style=\"\">Development Road Project<\/a><\/span><span style=\"font-weight:700\"> linking its Southern Faw Port <\/span><span style=\"font-weight:700\">to Turkey by rail will cost USD 17 bn to complete<\/span><span style=\"\">, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/42DBhWd\" style=\"\">Iraqi<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/42DBhWd\" style=\"\">News Agency<\/a><\/span><span style=\"font-weight:400;\"> (INA) quotes the general manager of Iraq\u2019s state-owned Iraq Republic Railways, Younus Khalid, as saying. The Development Road Project includes the construction of the railway connecting the countries, as well as a highway that will be built in parallel, with the first phase slated for completion in 2028.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The project is set to bring the country some USD 4.85 bn in revenues<\/span><span style=\"\">,<\/span><span style=\"font-weight:400;\"> with the expected volume of revenues from cargo carried amounting to USD 4 bn, while passenger-generated revenue is expected to reach some USD 850 mn per year, Khalid said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The numbers: <\/span><span style=\"font-weight:400;\">The cost for the railway is expected to be USD 10.5 bn, while the highway will cost some USD 6.5 bn, amounting to a total of around USD 17 bn for the whole Development Road Project, Khaled said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The preliminary and final feasibility studies have been completed for the project, with the project now in the design stage<\/span><span style=\"\">, according to Khalid. Once the designs are complete, an invitation will be sent out to companies in the railway industry to submit bids for the construction of the project. The expected completion of the Development Road will be split into three phases, with the third phase wrapping up by 2050, Khalid told <\/span><span style=\"\">INA. <\/span><span style=\"font-weight:400;\">The country\u2019s Transport Ministry had earlier said that the project\u2019s implementation phase will begin in 2024.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Background:<\/span><span style=\"\">The freight train will pass through <\/span><span style=\"\">10<\/span><span style=\"\"> Iraqi provinces<\/span><span style=\"\">, the last of which is Nineveh, which will connect to Turkey. Some 60 km of rail between the ports of Faw and Umm Qasr have been built, according to Al Safi. The train will have an initial capacity of 3.5 mn containers and will be able to carry 22 mn tons of bulk cargo per year, before expanding to 7.5 mn co<\/span><span style=\"\">ntainers and 33 mn tons per year.<\/span><span style=\"\"> The highway <\/span><span style=\"\">will span a length of 1.2k km according to the news agency<\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first phase of the project, which includes the freight train and a 1.2k km highway, will be complete by 2028<\/p>\n","protected":false},"author":1,"featured_media":70833,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[296],"tags":[17,870,121],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-70832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rail","tag-enterprise-logistics","tag-iraqs-development-road-project-connecting-it-to-turkey-will-cost-usd-17-bn","tag-rail","wpautop","entry"],"acf":{"mongo_id":"6fa8e475-6a16-4d37-a8f1-37decc29870f","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/920.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Iraq\u2019s Development Road Project connecting it to Turkey will cost USD 17 bn","related_issue":[70825],"teaser":"The first phase of the project, which includes the freight train and a 1.2k km highway, will be complete by 2028","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.4744cb9c-cf41-4b40-a187-19e5badb11e2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Iraq\u2019s Development Road Project connecting it to Turkey will cost USD 17 bn - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/iraqs-development-road-project-connecting-it-to-turkey-will-cost-usd-17-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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