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Project 'corridor' will move the economy in the country
Written by Administrator Wednesday, 08 May 2013 05:27
The Ministry of Construction and Housing to establish a network lines, land and railway routes iron train linking the capital Baghdad capitals of neighboring countries, in order to promote trade exchanges between Iraq and the surrounding countries.
The Iraqi government has approached the governments of neighboring countries on the implementation of the draft trade corridor between them, and those states expressed its readiness to implement the project, because the common interests of all countries in the region.
He said a number of MPs and economists importance of establishing this project because it is one of the strategic projects in which the great economic returns to the country, especially that Iraq has a large geographical location connecting the continents of Asia, in Europe, which will facilitate the transfer of goods and trade exchanges.
The World Bank has expressed its readiness to provide financial support for the implementation of the Iraqi Commercial Corridor project.
Member of the economy and investment MP Ibrahim stirrup, he stressed: the importance of the implementation of a trade corridor project with neighboring countries to promote commercial exchanges, and facilitate the transport of goods.
And stirrup said: The draft trade corridor between Iraq and neighboring countries needs to be a lot of money, noting that Iraqi government معولة the law on infrastructure, because it will be able to create the railway linking the capital Baghdad, Iraqi border ports.
He explained: that the law also would allow Iraq to set up wild ways to the capitals of neighboring countries, and this is what will facilitate the implementation of a trade corridor project between Iraq and the surrounding countries.
He added: trade corridor is one of the important economic projects that will enhance the financial revenues by facilitating the transport of goods and promote trade exchanges, especially that Iraq's strategic location qualifies it to be a focal point for trade operations with various countries of the world.
The Commercial Iraq corridor project of strategic projects that will ensure Iraq's trade and economic corridors with the countries of the world and will make Iraq as a link between the north and south.
As adviser to the Ministry of Finance Hilal Taan has stated: that such a project costing $ 30 billion and Iraq can secure the $ 10 billion maximum.
Despite the fact that the Iraqi budget for 2013 amounted to $ 118 billion, but observers believe that Iraq will not be able to bear the costs of trade corridor project alone.
He stressed Taan: the need to contribute to the neighboring countries in the accomplished, pointing to the economic benefits enormous that they would gain Iraq if implementation of the project, and with the presence of 31 private banks in Iraq, but these banks appear to be able to contribute to the financing of mega-projects as a corridor Iraq's international trade Some economists emphasize that the government failed economic plans was the reason for the lack of involvement of private banks within their projects.
For his part, economic expert called Ismail Radi, to the importance of focusing on the establishment of such a strategy for projects it will move the economy in the country and ensure the achievement of significant financial returns to the state.
Radi said: The Commercial Corridor project announced by the Ministry of Construction and Housing is one of the vital projects that promote cooperation of Iraq economically and commercially with neighboring countries.
He explained: that the project includes linking Iraq with the countries of the region surrounding it fast transmission lines which will facilitate the transfer of goods between the countries, calling for the importance of expediting its implementation through coordination with neighboring countries of Iraq.
He added: that the federal government required to allocate sufficient funds for the purpose of implementation of the project for Iraq to become an international trading route pass through all the different global goods.
The Minister of Construction and Housing Mohammad Darraji discussed with the Islamic Development Bank, Saudi Corridor Project Iraq's trade with neighboring countries, including Saudi Arabia in order to reach common understandings about the bank's contribution in providing financial and technical support for the project above making Iraq a conduit important trade to neighboring countries and countries the world.
The Minister of Construction and Housing has already announced that this year will be the year roads because of its great importance in saving lives from traffic accidents that occur each year and that the ministry has developed a plan that includes creation of corridors secondary to all the ways the link between the provinces in addition to road link between the provinces and Baghdad to be safe for road users.
It is worth mentioning that this project will be the first of cooperation with neighboring countries for the establishment of motorways with it and develop the volume of trade, economic and tourism.
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