OPEC member Iraq intends to offer a large project to investors involving the construction of a rail network linking its South with the Northern border with Turkey, according to the official Alsabah newspaper. 

The Transport Ministry has completed technical and feasibility studies for the project to build the rail link from Faw Peninsula in the South to Duhok in the autonomous Northern Kurdistan region, the paper said, quoting Talib Al-Husseini, Director of the General Company for Ports in Iraq, an affiliate of the Transport Ministry. 

“This project will link Iraq with Turkey and is part of a plan devised by the Ministry to expand rail links with neighbouring countries,” he said. 

“The project will be offered to investors, who will build and operate the rail network...the decision to offer the project as investment is because of the limited budget allocations for such a large and costly project.” 

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)   

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