The state-owned Holding Company for Roads, Bridges, and Land Transportation Projects, operating under Egypt’s Ministry of Transport, is vying for railway development contracts in Iraq valued at around $500 million, according to sources cited by Asharq Business.
The Egyptian company is currently engaged in negotiations with the Iraqi government to modernize the country’s railway infrastructure. It has already submitted technical and financial proposals in response to Iraq’s recent invitation for railway development projects.
These efforts align with Iraq’s broader plan to invest $100 billion over the next three years in upgrading its infrastructure, with railways being a key focus area.
A final decision on the bids is anticipated by March 2025.
