PM receives the winners of the investment opportunity for the Baghdad Metro project

Baghdad - INA 

Prime Minister Mohammed Shia Al-Sudani received today, Thursday, the approval of the coalition of companies that won the investment opportunity for the Baghdad Metro.

The Prime Minister's Media Office stated in a statement received by the Iraqi News Agency (INA), that "Prime Minister Mohammed Shia al-Sudani chaired a meeting dedicated to following up on the Baghdad Metro project," indicating that "the Prime Minister received the approval of the Vaskhod  & Wonter International Capital Coalition, which won the investment opportunity to design, implement, operate, maintain, finance and transfer ownership ( DBOMFT ) for the Baghdad Metro project, according to the specific criteria specified in the investment portfolio. The coalition includes French, Spanish and Turkish companies, with a German bank."

He pointed out, "The importance of this strategic project, the largest of its kind in the region, and what it means to a large city like Baghdad, with the latest international specifications, in a manner that suits the service required to be provided, and keeps pace with future developments."

He added, "A negotiation process between the Baghdad Municipality, the Investment Authority and the coalition will begin to set the technical, financial and executive details of the contract, which the coalition won, in accordance with the investment opportunity for the Baghdad Metro, stated in Cabinet Resolution No. (23374) for the year 2023."

The statement added, "The coalition includes the French groups Systra and SNCF, the Spanish companies Alstom, Talgo, and SENER, Turkish companies specializing in construction, in addition to the German Deutsche Bank."