Skip to main content

Iraq government budgets US$5.8bn to build roads over next 4 years

The Iraqi government said it will spend US$5.8billion to build roads between 2012 and 2016, according to Mohammad Al Daraji, the minister of construction and housing. The government is planning to build 7,000km of new roads by 2016.
June 1, 2012 Read time: 1 min
Substantial investment is being planned for Iraq’s road network in a move intended to boost transportation and help revitalise the country’s economy.

The Iraqi government said it will spend US$5.8billion to build roads between 2012 and 2016, according to Mohammad Al Daraji, the minister of construction and housing.

The government is planning to build 7,000km of new roads by 2016.

Related Content

  • Indian infrastructure investment plans
    April 27, 2012
    In India innovative infrastructure investment plans are being drawn up intended to help develop the country's highway network. The National Highway Authority of India (NHAI) plans to finance its road projects by issuing bonds.
  • German road spend increase
    April 30, 2012
    Germany’s Government intends to boost transportation infrastructure spending, with the majority of funds going towards roads. An increase of €1 billion will be targeted at transport with some 60% of that budget being used for improvements to the country’s road network. In contracts some 30% will be for port, canal and general shipping infrastructure with a mere 10% for rail investment. The German Government has also granted approval for work to the next stretch of the A44 autobahn. The new 7km link will run
  • Tanzania delivers road construction boost
    November 2, 2012
    Plans to upgrade two major roads in Tanzania will bring huge benefits to the East African nation. Shem Oirere reports Tanzania’s bid to retain or improve its position as East Africa’s second largest economy is gaining momentum as the government moves to support the achieved growth and contribute more to ongoing regional economic integration through the improvement of its transport infrastructure. The country received a major boost in April, 2012, when the African Development Bank (AfDB), one of Tanzania lea
  • Bolivia's Santa Cruz road corridor connector project
    December 22, 2016
    Bolivia’s ambitious Santa Cruz road corridor connector project is providing an important link for the country - Gordon Feller writes The World Bank has been organising a US$230 million loan to upgrade a vital connector linking the country’s northern and southern transit corridors. Meanwhile, another $100 million is coming from Bolivia’s government.