World Bank unveils $900m plan to upgrade Iraqi roads
The World Bank has announced a $900 million financing package to help Iraq improve its road infrastructure. The initiative aims to boost connections between Iraq and its neighbors, including Turkey, Syria, and Jordan. The project is expected to benefit millions of Iraqis by making travel safer and more reliable. The focus is on rebuilding key transport corridors that have suffered from years of neglect and conflict.
What we know
- The World Bank will provide $900 million to support Iraq’s road infrastructure improvements.
- The project targets two main corridors: a north-south route linking Baghdad to the Turkish border, and an east-west route connecting Baghdad with Syria and Jordan.
- The initiative is designed to make travel safer and more reliable for people and businesses across Iraq.
- Around eight million people, or about 17 percent of Iraq’s population, are expected to benefit from the project.
- The World Bank previously announced $930 million to modernise Iraq’s railway network.
