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FINANCIAL NEWS
Iraq, Turkey reopen railway after 7-year stoppage
21 Feb 2010
(MENAFN) Iraq and Turkey announced reopening a linking railway that has been halted for seven years, following the US-led invasion of Iraq, Reuters reported.
The railway, which links northern Iraq and Turkey, has been built in the early 20th century when Iraq was a British colony.
Turkey’s deputy consul in Iraq’s northern city of Mosul, pointed out that the war-wrecked country aims to boost economic and political relations with neighboring countries and increase investment to develop its dilapidated infrastructure and revamp the economy battered by years of war, underinvestment and sanctions.
He said that this route will boost bilateral political and economic ties, following several deals from energy cooperation to water sharing last year.
The train, with 13 passengers on board, which covers a distance of about 600 km, will carry freight and operate twice a week, said head of railways in Iraq’s northern region.
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