Baghdad Metro: Iraq Prepares for Global Offering with Final Step and New Investment Package

The Iraqi government has taken a decisive step to advance the Baghdad Metro toward its international launch, following an official directive to prepare a final comprehensive paper outlining implementation and financing mechanisms.

This came during a meeting chaired by Prime Minister Mohammed Shia' Al-Sudani to review progress on the Baghdad Metro, attended by Baghdad’s mayor, the head of the Iraq Development Fund, and specialized advisers.

The session reviewed the fourth report prepared in cooperation with international institutions and companies experienced in metro projects in Turkey and China.

Reevaluation of Proposals

The meeting examined previously submitted investment offers, which underwent a thorough reassessment by relevant authorities.

The review concluded that these offers did not meet the technical and execution requirements needed to launch a project of the scale of the Baghdad Metro.

International Cooperation

Accordingly, the prime minister instructed coordination with international institutions such as the International Finance Corporation and the European Investment Bank to develop a new investment package in cooperation with Iraqi bodies, to be presented for a final decision.

The project is expected to significantly improve urban transport, ease traffic congestion in the capital, and boost infrastructure investment opportunities.