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Iraq is negotiating with Italy to implement the rail link project with Europe
economic 01/20/2022 | 10:50 am
The Information/Baghdad…
The Iraqi government has embarked on actual advanced technical talks with Italy to lay out the required plans for the implementation of the railway linking project from the port of Faw to Turkey, in order to deliver goods coming from the East to Europe.
The director of the Center for Basra and Arabian Gulf Studies, Qais Nasser, said in a statement seen by "The Information", that "the project is located in the middle of a road or in the heart of the old Silk Road for the region."
Nasser added, "A supplement to the dry canal, meaning that the great port of Faw is part of the integrated project, and the basis of the project is the port, then work on the dry canal comes through the railway connection, so that the project becomes integrated and beneficial for the country."
In turn, Director General of the Ports Corporation, Farhan Al-Fartousi, explained that "the Prime Minister and the Ministry of Transport are in the process of referring the dry canal project to one of the specialized Italian companies for the purpose of preparing the master plan."
He added that "a feasibility study was prepared in 2010 regarding the port of Al-Faw," stressing
"the need for the dry canal to be an integral and complementary part of the port project."
Al-Fartousi pointed out that "the Al-Faw port project represents not only a local need, but also an international need.
Through this giant project, Iraq seeks to make a profit from the proceeds of the passage of goods coming from the East to Europe and vice versa, especially after the decline in its revenues and financial imports of oil."
It is noteworthy that activating the railway link between Iraq and Europe via Turkey, which Iraq is implementing through its understandings with an Italian company, will enhance the movement of internal and external commercial transport from ports, especially the port of Faw, and would reduce time in the transportation of goods between the continents of Europe and Asia within the Silk Road.
In general, it will open up a huge financial resource for Iraq, which will support its general budget well and contribute to reviving its various economic sectors. finished/25
Iraq is negotiating with Italy to implement the rail link project with Europe
economic 01/20/2022 | 10:50 am
The Information/Baghdad…
The Iraqi government has embarked on actual advanced technical talks with Italy to lay out the required plans for the implementation of the railway linking project from the port of Faw to Turkey, in order to deliver goods coming from the East to Europe.
The director of the Center for Basra and Arabian Gulf Studies, Qais Nasser, said in a statement seen by "The Information", that "the project is located in the middle of a road or in the heart of the old Silk Road for the region."
Nasser added, "A supplement to the dry canal, meaning that the great port of Faw is part of the integrated project, and the basis of the project is the port, then work on the dry canal comes through the railway connection, so that the project becomes integrated and beneficial for the country."
In turn, Director General of the Ports Corporation, Farhan Al-Fartousi, explained that "the Prime Minister and the Ministry of Transport are in the process of referring the dry canal project to one of the specialized Italian companies for the purpose of preparing the master plan."
He added that "a feasibility study was prepared in 2010 regarding the port of Al-Faw," stressing
"the need for the dry canal to be an integral and complementary part of the port project."
Al-Fartousi pointed out that "the Al-Faw port project represents not only a local need, but also an international need.
Through this giant project, Iraq seeks to make a profit from the proceeds of the passage of goods coming from the East to Europe and vice versa, especially after the decline in its revenues and financial imports of oil."
It is noteworthy that activating the railway link between Iraq and Europe via Turkey, which Iraq is implementing through its understandings with an Italian company, will enhance the movement of internal and external commercial transport from ports, especially the port of Faw, and would reduce time in the transportation of goods between the continents of Europe and Asia within the Silk Road.
In general, it will open up a huge financial resource for Iraq, which will support its general budget well and contribute to reviving its various economic sectors. finished/25
