Iraq has initiated a $17 billion venture to connect its southern commodities port to Turkey through rail and road infrastructure.
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The ambitious project, known as the Development Road, aims to revitalize Iraq's war-torn economy.
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It seeks to establish a crucial link between Iraq's oil-rich southern region and Turkey, positioning Iraq as a transit hub.
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The project envisions a cutting-edge transportation system, including high-speed trains capable of speeds up to 300 kilometers per hour.The Development Road may also involve the construction of oil and gas pipelines.
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Iraq's existing transportation network is outdated, with limited train services and long travel times.
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The project aims to facilitate the transportation of tourists and pilgrims to holy sites in Iraq and the Haj pilgrimage to Mecca.
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The announcement of the project was made during a conference to attract interest from Arab nations.
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Iraq's infrastructure remains dilapidated, but the Development Road is seen as a unique opportunity for growth.
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. Construction is expected to begin next year and be completed by 2029, signaling a potential resurgence for Iraq's economy.