Iraq has awarded a contract to the US company Oliver Wyman to prepare a financial and economic study for a $17-billion project to build a 1,200-km rail line across the Arab country, a senior Iraqi official was quoted on Wednesday as saying.

Nasser Al-Asadi, transport adviser to Prime Minister Mohammed Al-Sudani, said the ‘Development Road’ project, which also includes the construction of a parallel motorway, will link Faw Port in South Iraq with Europe via Turkey, adding that a 2,000-metre bridge would be constructed at the border with Turkey.

“This massive project is divided into two parts: the first is the economic part and the second is the engineering part…we have made progress in the engineering part and have contracted with Oliver Wyman Company to prepare a study on the financial and economic part of the project,” Asadi told the official Iraqi News Agency.

He also said the Transport Ministry intends to issue an international tender for a consultant to oversee the designs of the project.

(Writing by Nadim Kawach; Editing by Anoop Menon)


Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.