Turkey, Iraq Development Road project by taking an important step towards total railway and highway projects 19,9 billion dollars plans to invest. Minister of Transport Abdulkadir UraloğluSharing the details of this ambitious initiative, he emphasized the critical importance of the project in terms of regional trade, transportation and cooperation.
Project Scope: Railway and Highway Investments in Turkey
Railway Investments
Turkey's railway investments, in total A line of 2.094 kilometers includes:
- Current Infrastructure: 439 kilometers of railway line will be renewed.
- New Railway Lines: Construction of 1.655 kilometers of new railway a 17,9 billion dollars will be spent.
With this project, Türkiye aims to strengthen its trade connections with neighboring countries and fast, efficient trade routes aims to create.
Highway Investments
Highway investments are within the borders of Turkey A 1.924-kilometer road contains:
- Motorways: For 331 kilometers of critical highways 2 billion dollars investment will be made.
- Goal: To enable trade to take place faster and more safely by connecting regional transit centers.
Iraq Development Path: The Heart of Regional and Global Trade
Iraq Development Road project, in southern Iraq Connecting Al-Faw Grand Port to the Turkish border The project aims to significantly reduce travel and trade times between Asia and Europe, making Iraq a Transition center will become.
Project Financing and Partnerships
- Total Cost: 17 billion dollars.
- Regional Collaborations: With the agreement signed by Türkiye, Iraq, the UAE and Qatar, a structure that encourages regional economic integration was created.
- Connections with Europe: A council including European countries such as Bulgaria, Hungary and Serbia was established to Integration into the global trade network is being planned.
Prominent Benefits of the Development Path
1. Economic Integration and Trade Facilitation
The project will modernize the transportation infrastructure, enabling regional and international trade to be conducted faster and more safely.
- Railway and Road Integration: A fast and economical alternative will be offered for the transportation of goods.
- Energy Pipelines: The project will provide a versatile infrastructure by being integrated with pipelines that support energy trade.
2. Economic and Social Benefits
- Employment Opportunities: Thousands of new job opportunities will be created in regional countries, including Iraq and Türkiye.
- Economic Development: The project will contribute to the growth of regional industries and increased economic stability.
3. Strengthening Regional Ties
With this project, Türkiye will work with neighboring countries strengthening commercial and diplomatic ties aims. Minister of Transport Abdulkadir Uraloğlu, Turkey Committed to supporting Iraq's strategic objectives He stated that it was.
Geopolitical and Global Importance of the Project
The Development Road is not just an infrastructure project, a geopolitical strategy is evaluated as:
- The Bridge Connecting Asia and Europe: The project will add a new dimension to international trade by creating an important trade corridor between Asia and Europe.
- Energy and Trade Center: Iraq will have a strategic position in global trade with its energy pipelines and trade routes.
Turkey's Role in the Region
With an investment of $19,9 billion, Türkiye once again proves its determination in regional leadership and economic integration:
- Modernization of Transportation Infrastructure: New railway and highway networks will advance Turkey's logistics and trade infrastructure.
- Cooperation with Neighboring Countries: It is aimed to contribute to regional peace and prosperity through joint projects and strategic investments.
Regional Transformation and Economic Growth
Turkey's Development Road project The investment will not only improve regional trade and transportation infrastructure, but also regional stability and cooperation The implementation of the project will support a region extending from Southeastern Europe to the Middle East. trade corridor will form.
This vision, Türkiye and Iraq's strategic partnership While adding a new dimension to the world, it will also implement a sustainable development model for the countries in the region by offering a transportation system integrated with global trade networks.
