Launch of Development Road Project

Iraq launched a $17bn (about R331.68bn) project on Saturday to link a major commodities port on its southern coast by rail and roads to the border with Turkey, in a move designed to transform the country's economy after decades of war and crisis.

The Development Road aims to tie the Grand Faw Port in Iraq's oil-rich south to Turkey, turning the country into a transit hub by shortening travel time between Asia and Europe in a bid to rival the Suez Canal.

SOURCE LINK: https://www.timeslive.co.za/news/world/2023-05-29-iraq-launches-17bn-road-and-rail-project-to-link-asia-and-europe/