PROJECTS: Iraq to offer rail projects to investors

Basra-Turkey, Basra-Al Faw projects likely to be offered

  
Image used for illustrative purpose. A worker pushes a wheelbarrow at Walini tunnel construction site for Jakarta-Bandung High Speed Railway in West Bandung regency, West Java province, Indonesia, February 21, 2019.

Image used for illustrative purpose. A worker pushes a wheelbarrow at Walini tunnel construction site for Jakarta-Bandung High Speed Railway in West Bandung regency, West Java province, Indonesia, February 21, 2019.

REUTERS/Willy Kurniawan

OPEC member Iraq is planning to offer large rail projects to investors within a post-war programme to rebuild damaged facilities and expand transport networks, the official Iraqi Alsabah newspaper reported on Sunday.

The General Company for Iraqi Railways (GCIR), an affiliate of the Transport Ministry, is overseeing those projects which comprise a rail linking the Southern oil hub of Basra with nearby Al-Faw Peninsula, where one of the world's largest container terminals is under construction.

Another project involves the construction of rail networks connecting Basra with Turkey through other Iraqi cities, the paper said.

"Those projects are under study and will be offered as investment...we are cooperating with a Chinese government company in this respect," GCIR's Director General Talib Al-Husseini said without identifying that firm or providing further project details.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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