The Baghdad Metro project is still under review after officials examined the latest proposals and found they do not meet the requirements needed to move forward with a project of this size.
A fourth detailed report on the metro was reviewed. It was prepared by the Iraq Development Fund, working with international institutions and companies that have experience building metro systems in Turkey and China. The report looked at a proposed investment plan and closely studied the technical, financial, and implementation risks involved.
At the same time, earlier offers were re-examined by Baghdad Municipality, the Iraq Development Fund, and advisory teams. After careful review, officials concluded that these offers did not meet the specific conditions required to officially launch the project.
As a result, it was decided that a final position paper will be prepared. This paper will be reviewed with major international institutions such as the International Finance Corporation (IFC) or the European Investment Bank, with the goal of creating a new and more suitable investment package in coordination with Iraqi authorities.
In addition, Baghdad Municipality has been asked to form and train a specialized technical team that will act as a dedicated unit for the future implementation of the Baghdad Metro project once it is approved.
For now, the project remains on hold, but officials say the groundwork is being laid to ensure it is done correctly when it moves forward.
