Iraq's Ministry of Transportation will take over the implementation of the estimated $2.5 billion Baghdad Elevated Metro project from the Baghdad Provincial Council under an agreement signed with the Ministry of Planning.

Fatuma Al-Musawi, director of media Department and government communication for the Ministry of Transportation told Zawya Projects that the decision was taken during a meeting attended by the planning and transportation ministers and undersecretaries, the Baghdad governor, and other top officials.

Al-Musawi said the meeting resulted in the signing of the minutes of an agreement to transfer the implementation of the metro project from the Baghdad governorate to the Transportation Ministry, adding that the minutes would be presented to the Iraqi Council of Ministers soon.

She quoted the transportation minister as saying that the ministry would make "every effort to accomplish this vital project that would greatly serve the people of the Iraqi capital, in addition to providing job opportunities."

Al-Musawi added that the transportation ministry's undersecretary assured during the meeting that the ministry would accelerate the approvals to move the project to actual execution phase.

(Reporting by Majda Muhsen; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

#Iraq #Transport #Baghdadmetro #Infrastructure

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2020