
Wilson Center (11 June 2024)
Burak YILDIRIM
Turkish President Recep Tayyip Erdoğan's first visit to Iraq in 13 years led to discussions on alternative pathways for the Middle East. With this visit, 26 memorandums were signed, and a memorandum regarding an infrastructure project that could directly impact global trade routes came to the forefront. The trade corridor from Basra, Iraq, to Ovaköy, Turkey, entering European Union customs, known now as the “Development Road,” promises its stakeholders the possibility of commerce and stability in the region.
Features of the project
Due to the narrow and shallow coastal regions near Basra and the Shatt Al-Arab, constructing a high-capacity port there was not feasible. Consequently, Iraq was compelled to channel its energy exports through Kuwait, Saudi Arabia, and Turkey. The construction of the Grand Al Faw Port on the Persian Gulf, the largest infrastructure project in Iraqi history, was planned to address this challenge. The Development Road will link the Al Faw Port to Turkey's border and extend into Europe.
The project's objective is to establish an uninterrupted highway and rail corridor between Basra and London, with the initial phase of the project anticipated to be completed by 2028. Although the project’s cost was announced at $17 billion, it will likely exceed $24 billion. Given that the railway cost between Gaziantep and Ovaköy alone could reach $5 billion, it becomes clear that $17 billion is an unrealistic estimate. However, the other signatories of the memorandum, namely the governments of the UAE and Qatar, possess resources that can alleviate uncertainties regarding the project’s financing.
To read the rest of the article, please click: https://www.wilsoncenter.org/article/what-know-about-iraq-turkey-europe-development-road-project
© 2009-2025 Avrasya İncelemeleri Merkezi (AVİM) Tüm Hakları Saklıdır
Henüz Yorum Yapılmamış.
-
HISTORY, JOURNALISM AND PROPAGANDA: ROBERT FISK AND THE "ARMENIAN QUESTION" - HISTORY STUDIES - APRIL 2021
Jeremy SALT 08.04.2021 -
ALMANYA CUMHURBAŞKANI SÖMÜRGECİLİK DÖNEMİ KATLİAMLARINDAN ÖTÜRÜ TANZANYA'DAN AF DİLEDİ - 15.12.2023
Hasan Servet ÖKTEM 15.12.2023 -
FURTHER RUSSIAN MILITARIZATION OF THE BLACK SEA REGION: AIR DOMAIN ON THE AGENDA – JAMESTOWN FOUNDATION – 09.07.2019
Ihor KABANENKO 10.07.2019 -
AMAL AND THE ARMENIANS: THE POWER TO ATTRACT
Tal BUENOS 16.09.2015 -
ERMENİ NÜFUZU YABANCI VEKİLLERİN TESCİLİ YASASI İÇİN BİR ÖRNEK VAKA TEŞKİL ETMEKTEDİR – THE DAILY CALLER – 05.02.2018
Raoul LOWERY-CONTRERAS 12.03.2018