$900m deal to improve Iraq’s road infrastructure

BAGHDAD: The World Bank has announced a $900 million financing package for Iraq to improve its road infrastructure, including links to neighboring Turkiye, Syria, and Jordan. Iraq is, after many years, experiencing a period of relative stability that has enabled new economic projects and major investments. A major focus has been on transport infrastructure, much of which has crumbled over decades of public-sector negligence and corruption and 40 years of armed conflict.

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