By John Lee.
The operational plan for the Development Road project has been reviewed, alongside progress on engineering designs and economic feasibility.
The discussions were held during a meeting involving Oliver Wyman, the project's financial advisory firm, and BTP, the Italian engineering consultancy, at the headquarters of the Iraqi Republic Railways Company.
Key points covered included:
- Engineering designs and the project's operational plan
- Future operational prospects and economic feasibility
- Alignment of the project's costs and benefits with its strategic importance
The meeting reviewed progress rates, with cumulative completion reaching 88% for rail designs and 76% for road designs.
The Development Road project is intended to enhance Iraq's role as a regional transport corridor, linking the Al-Faw Grand Port to regional and international markets, and supporting economic diversification and investment.
(Source: GCPI)
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