The World Bank announced on Friday a $900 million financing package for Iraq to improve its road infrastructure, including links to neighbouring Turkey, Syria and Jordan.
Iraq is, after many years, experiencing a period of relative stability that has allowed new economic projects and major investments to take place.
A major focus has been on transport infrastructure, much of which has crumbled over decades of negligence and corruption in the public sector and 40 years of armed conflict.
The financing aims to “make travel safer and more reliable, and create opportunities for people and businesses across the country”, the World Bank said in a statement.
The project will focus on two corridors, it said, “a north-south corridor linking Baghdad to the Turkish border through Expressway 2 (E2), and an east-west corridor along Expressway 1 (E1) connecting Baghdad with Syria and Jordan”.
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