Prime Minister Mohammed Shia Al-Sudani received the approval of the coalition of companies that won the investment opportunity for the Baghdad Metro.
A statement from his media office said that Prime Minister Mohammed Shia Al-Sudani chaired a meeting today, Thursday, dedicated to following up on the Baghdad Metro project, during which he received the approval of the coalition of companies; Vaskhod and Wonter International Capital, 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, and the coalition includes French, Spanish and Turkish companies, with a German bank.
Al-Sudani 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, and in a manner that suits the required service and keeps pace with future deve
lopments.
The statement explained that a negotiation process between the Baghdad Municipality, the Investment Commission and the coalition will begin, to set the technical, financial and executive details of the contract, which the coalition won, according to the investment opportunity for the Baghdad Metro, stated in Cabinet Resolution No. (23374) for the year 2023, and the coalition includes; The French Systra and SNCF groups, the Spanish companies Alstom, Talgo, and SENER, and Turkish companies specialized in construction, in addition to the German Deutsche Bank.
Source: National Iraqi News Agency