Iraq appointed a consortium for construction of $17.5 billion Baghdad Metro Rail Project

Baghdad, Iraq (Metro Rail Today): On 25th July 2024, Prime Minister Mohammed Shia Al-Sudani officially approved the coalition of companies selected for the investment opportunity for the Baghdad Metro project. The announcement was made by the Prime Minister’s Media Office and communicated to the Iraqi News Agency (INA).

During a meeting chaired by Prime Minister Al-Sudani, he received confirmation of the coalition's success in securing the investment opportunity. The winning consortium, known as the Vaskhod & Wonter International Capital Coalition, is responsible for the design, implementation, operation, maintenance, financing, and eventual transfer of ownership (DBOMFT) of the Baghdad Metro project. This coalition is a notable partnership, comprising companies from France, Spain, Turkey, and a German bank.

Significance of the Project

The Prime Minister emphasized the significance of the Baghdad Metro project, which is poised to be the largest of its kind in the region. He highlighted the importance of aligning the project with the latest international standards to meet the needs of Baghdad’s residents and adapt to future developments. The metro system is expected to significantly enhance urban transportation and infrastructure in the city.

Following the approval, a negotiation process will commence involving the Baghdad Municipality, the Investment Authority, and the coalition. This process will finalize the technical, financial, and executive details of the contract based on the investment opportunity outlined in Cabinet Resolution No. (23374) for the year 2023.

The total cost of construction of the Baghdad Metro Rail network is expected to be $17.5 billion. The planned Baghdad Metro network is 148 kilometres long with seven lines and 64 stations connecting the city's key sites and neighbourhoods.

Coalition Composition

The Vaskhod & Wonter International Capital Coalition is composed of:

• French Groups: Systra and SNCF
• Spanish Companies: Alstom, Talgo, and SENER
• Turkish Construction Specialists
• German Bank: Deutsche Bank

The approval of the coalition marks a significant milestone for the Baghdad Metro project, reflecting the government's commitment to modernizing the city’s infrastructure. As negotiations move forward, the collaboration with international companies will ensure that the project meets high standards of quality and efficiency, positioning Baghdad’s transportation network for future growth and development.