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

  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More
  • US$613 million new New Zealand road funding budget
    June 12, 2024
    New Zealand is setting a new road funding budget worth US$613 million.
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • Major road investment planned in Zambia
    September 26, 2012
    A huge investment is planned in a series of road projects in Zambia. The country’s government intends to spend close to US$5.6 billion over the next five years on road construction. Because Zambia has an extensive copper mining industry the country has benefited heavily from strong demand for the metal, particularly from China. As a result it now has the financial resources to help improve the road network. The Zambian Government has also committed itself to building 2,300km of roads and spending $1.56 bill
    Read More

Highlighted Content