Türkiye will host a significant summit subsequent week to collect events to the Development Road Project, which is a part of efforts to advance planning on the landmark highway and rail infrastructure hyperlink, a senior official mentioned on Friday.
The assembly will come months after Türkiye, Iraq, Qatar and the United Arab Emirates (UAE) signed a preliminary settlement in late April to cooperate on the Development Road Project, launched by Baghdad final yr and estimated to price round $17 billion (TL 578 billion).
The deal got here on the sidelines of President Recep Tayyip Erdoğan’s go to to Baghdad, the primary by a Turkish chief since 2011.
“We are moving into a critical phase following the memorandum,” Transport and Infrastructure Abdulkadir Uraloğlu mentioned on Friday, asserting the primary Four-Minister Summit that can carry collectively high officers from these nations in Istanbul on Aug. 29.
Uraloğlu mentioned the assembly would deal with “every detail” of the Development Road Project, and sides would “make key decisions.”
The venture envisages linking a significant commodities port on Iraq’s southern coast by rail and highway to the border with Türkiye. It is anticipated to consolidate financial ties between the 2 neighbors.
The 1,200-kilometer (745-mile) highway and rail venture goals to show Iraq right into a transit hub, connecting Asia and Europe with a hyperlink between the nation’s Grand Faw Port within the oil-rich south and Türkiye within the north.
According to Uraloğlu, the Development Road Project is anticipated to considerably contribute to Türkiye’s financial progress and regional improvement.
“The Development Road will not only diversify international trade corridors but will also support the sustainability of global trade,” he mentioned. “Türkiye will strengthen its economic and strategic advantages by creating a reliable and efficient trade corridor between Asia and Europe.”
Uraloğlu additionally identified that items arriving by way of the Development Road route will be capable to transfer in all instructions – east, west, north and south – because of Türkiye’s intensive transportation community and ports.
“This corridor will enable us to integrate more robustly into the global logistics system,” he mentioned. “We will offer new options for freight transport and believe that the Development Road will enhance the efficiency of existing transport corridors.”
The venture’s Turkish section spans roughly 1,592 kilometers from Kapıkule to Şanlıurfa, with a brand new 331-kilometer freeway deliberate between Şanlıurfa and Ovaköy.
On the railway side of the venture, Uraloğlu mentioned Türkiye is developing a brand new high-speed rail line between Halkalı and Kapıkule, totaling 229 kilometers in size, which can serve each freight and passenger transport.
“We aim to complete the 153-kilometer Çerkezköy-Kapıkule section by the end of 2025. Once finished, travel time between Halkalı and Kapıkule will be reduced from four to just 1.5 hours, with a fourfold increase in line capacity.”
Uraloğlu additionally talked about that authorities have accomplished the planning course of for the railway line that can move over the Yavuz Sultan Selim Bridge.
Source: www.dailysabah.com