Baghdad: Minister of Transportation Wahab al-Hassani met on Tuesday with representatives from the World Bank and the Asian Infrastructure Investment Bank (AIIB) to discuss support for strategic projects and the requirements of the Development Road Project. A statement from the Ministry of Transportation, received by the Iraqi News Agency (INA), indicated that “Minister of Transport Wahab al-Hassani received delegations from the World Bank and the AIIB at the ministry headquarters in two separate meetings, a step that underscores the ministry’s commitment to strengthening cooperation with international financial institutions and supporting its strategic projects.”

According to Iraqi News Agency, the minister discussed with the two bank delegations opportunities to finance and develop several transport projects, particularly in the railway, port, airport, and road sectors, which would contribute to accelerating the implementation of priority projects, enhancing the readiness of the Iraqi transport system, and supporting the requirements of the Development Road Project.

The statement highlighted that the minister welcomed the delegations and emphasized the ministry’s keenness to develop partnership and cooperation and the importance of securing suitable funding sources to move forward with priority projects. Representatives of the two banks expressed their readiness to explore financing opportunities for the ministry’s projects in accordance with established procedures and studies.