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

  • Morocco looks to expand road network and also improve safety
    November 28, 2012
    Morocco’s Transport and Infrastructure Ministry has plans in hand to expand the country’s road network in a bid to boost the economy. Safety improvements will also ensure that the road network is safer, with Morocco instituting new road safety policies. Estimates suggest that up to 45,000km of roads and as well as 208 bridges will be required to provide access to the country’s rural areas. Extending the road network would cost up to US$5.8 billion, according to a study carried out for the Transport and Infr
    Read More
  • Indonesia plans $490 billion infrastructure spend over the next five years
    October 8, 2014
    According to the government of Indonesia, US$490.7 billion (IDR 6,000 trillion) will be needed in the next five years for a series of major infrastructure projects across the country including roads, bridges, power plants, ports and airports. The government hopes that investment projects like these will boost its economic growth rate to 7% per annum versus 5% this year. This latest announcement follows on from an Indonesian government report last November, which unveiled plans to invest $35 billion in new
    Read More
  • Indonesia’s US $ 20bn budget for transport and energy
    September 11, 2012
    Indonesia’s government is setting a US $ 20 billion budget for transport and energy sector development. The country’s president, Susilo Bambang Yudhoyono, said the government plans to build 559km of new roads as part of a new transport infrastructure program.
    Read More
  • France earmarks €5bn for road works up to 2022
    September 28, 2018
    France will invest €5.1 billion in maintenance and construction of highways up to 2022 as part of a major transportation strategy. The money for highways is within €13.4 billion that the government pledged to invest in the general transportation sector. More than half of the money will be for railways. In September, the French government outlined its infrastructure spending priorities for the decade to 2028. The government is to prioritise investment at key rail hubs outside Paris. Half the total €13.4
    Read More

Highlighted Content