Iraq partners with US firm Oliver Wyman for Development Road funding plan

"We brought in experts to manage and sustain these opportunities using international experience and advanced technology, introducing a new approach to private-sector investment in Iraq," said Nasser al-Asadi, the Iraqi prime minister's transport advisor.

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KRG, Iraqi officials discuss alternative route for $17B Development Road project

Kurdistan Regional Government (KRG) delegates met with Iraqi officials in Baghdad to discuss changes to the planned Development Road. The KRG officials proposed a shorter route that would pass through the Kurdistan Region and save time.

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Iraq obtains nearly $1 billion loan to rehabilitate railway network: Transport ministry

“The IREM project will rehabilitate and modernize 1,047 km of existing railways linking Umm Qasr Port to Mosul through Baghdad,” a World Bank statement about the project said.

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Development Road to dramatically reduce intercontinental goods transport time: Turkish Trade Minister

Goods transiting between Europe and Asia will see a significant reduction in transport time, and thus cost, thanks to the expansive infrastructure project, with Turkish Minister of Trade Omer Bolat noting that effects of the project are already being felt despite its phase one completion not being due until 2028.

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Iraqi PM to visit Turkey, discuss Development Road

The project “enhances economic interdependence and establishes a strong partnership between Iraq and Turkey,” according to the Iraqi ambassador to Ankara

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KRG dismisses claims agreement signed for inclusion of Kurdistan in Development Road project

Kurdistan Region’s Transportation and Communications Minister Ano Abdoka accuses Baghdad of unilaterally withdrawing from talks between the two sides regarding reaching “a final decision” for the project to pass through the Kurdistan Region despite signing “a joint protocol” and agreeing to move forward with cooperation on the project.

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Iraq to establish ‘special company’ to oversee Development Road project

The meeting also saw the approval of “interim governance instructions” for regulating the relationship between Iraq and Turkey in regards to the grand project

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Development Road project 'historic step': Nechirvan Barzani

Barzani stressed that the Development Road must be a “national Iraqi project” that incorporates all parts and components of Iraq “without discrimination.”

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Development Road will support Iraqi stability: PM Sudani

The project is set to create hundreds of thousands of jobs and enhance Iraq’s geopolitical status.

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