Iraq confirms Alstom and Hyundai for Baghdad Metro project
21 August 2023
Iraq on Friday confirmed it would award the multi-billion-dollar Baghdad Elevated Metro project to Alstom of France and South Korea’s Hyundai Company. The Transport Ministry said it has started measures to allocate land and clear the path of the planned Metro in the capital. “The Ministry is now awaiting financial allocations from the 2023 budget to launch the project…it is also in the process of signing the contract with Alstom and Hyundai,” the Ministry’s Public Relations chief Maytham Al-Safi told the official Iraqi news agency. Safi did not mention when the contract would be signed apart from saying the 20-km rail project includes infrastructure, high-speed trains and 22 stations in the capital. Officials have said Alstom have carried out a feasibility study for the $2.5 billion project, which aims to ease road congestion in Baghdad.
Related
-
Scatec reaches financial close for 120 MW solar power plant in Tunisia
22 June 2026
-
Strabag buys Romanian firm to target European rail infrastructure
19 June 2026
-
Sembcorp concludes Alinta Energy acquisition for $4.32bn
15 June 2026
-
Dubai selects groups for $22bn sewerage tunnel deals
15 June 2026
-
Repsol and Masdar to partner in €849 million renewables portfolio in Spain
12 June 2026
-
Montenegro’s CEDIS signs agreement with EDF, AFD on grid upgrade
12 June 2026


京公网安备
11010802030424号
京ICP备19046776号-2