By John Lee.
The Iraqi Cabinet has approved key components of the Development Road project, focusing on the rehabilitation and expansion of railways.
The project, with an estimated cost of 3.932 trillion dinars [$3 billion], will be included in the Ministry of Transport's 2024 investment budget, funded through a mix of budgetary allocations and loans.
Additionally, the Ministry of Transport is to contract the Italian consultancy firm BTP within 15 days to prepare and audit designs and supplementary work for the railway lines, as per the Prime Minister's approval, exempting it from the 2014 government contract regulations.
(Source: Office of the Prime Minister)
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