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Iraq Unveils $17 Billion Transportation Network to Link Asia and Europe

  • Iraq launched an ambitious transportation project to build railways and highways connecting the Grand Faw Port on its southern coast to Turkey.
  • The network aims to reduce travel time between Asia and Europe and turn Iraq into a transit hub.
  • Construction on the port, which will be a major part of the network, is already halfway completed.
  • Iraq announced the project at a conference seeking investment from Arab neighbors like Gulf states, Syria and Jordan.
  • The project's $17 billion cost will depend heavily on cooperation with other nations, though specifics on financing remain unclear.
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