On 25th July 2024, Prime Minister Mohammed Shia Al-Sudani officially approved the coalition of companies for the investment selected opportunity for the Baghdad Metro project. The announcement was made by the Prime Minister's Media Office and communicated to the lragi News Agency (INA).

During a meeting chaired by Prime Minister Al-Sudani, hereceived confirmation of the coalition's success in securing the investment opportunity. The winning consortium, knownas the Vaskhod & Wonter International Capital Coalition, is responsible for the design, implementation, operation, maintenance, financing, and eventual transfer of ownership (DBOMFT) of the Baghdad Metro project. This coalition is a notable partnership, comprising companies from France, Spain, Turkey, and a German bank.

Significance of the Project
The Prime Minister emphasized the significance of the Baghdad Metro project, which is poised to be the largest of its kind in theregion. He highlighted the importance of aligning the project with the latest international standards to meet the needs of Baghdad's residents and adapt to future developments, The metro system is expected to sianificantly enhance urban transportation and infrastructure in the city.
Following the approval, a negotiation process will commence involving the Baghdad Municipality, the nvestment Authority, anothe coalition. This process will finalize the technical, financial, and executive details of the contract based on the investment opportunity outlined in Cabinet Resolution No. (23374) for the year 2023.
The total cost of construction of the Baghdad Metro Rail network is expected to be $17.5 bilion. The planned Baghdad Metro network is 148 kilometres long with seven ines and 64 stations connecting the citv's key sites and neighbourhoods.
Coalition Composition
The Vaskhod & Wonter International Capital Coalition is composed of:
French Groups: Systra and SNCF
Spanish Companies: Alstom, Talgo, and SENER
Turkish Construction Specialists
German Bank: Deutsche Bank

The approval of the coalition marks a significant milestone for the Baghdad Metro proiect, reflecting the government's commitment to modernizing the city's infrastructure. As negotiations move forward, the collaboration with international companles wll ensure that the project meets high standards of guality and efficiency, positioning Baghdad's transportation network for future growth and development.