The Ministry of Transportation discussed with the Islamic Development Bank the financing of strategic projects for the development of the transportation sector.
Details:
The Ministry of Transportation held a technical meeting with a delegation from the Islamic Development Bank, to discuss priorities for supporting projects in the field of transportation and mechanisms for providing financing and technical support for their implementation.
The meeting addressed the needs of the road and rail sectors, especially the rehabilitation and development of networks, in addition to strategic projects to improve regional connectivity and the development of the goods transportation system.
The two sides discussed the possibility of supporting the preparation of feasibility studies and the assessment of the central road network, and updating the studies of the strategic axes, especially the north-south and east-west axes.
The meeting discussed technical and advisory support for the establishment of a national electronic platform for organizing the transportation of goods, linking cargo owners and carriers, increasing the efficiency of truck operations and reducing empty return trips.
The two sides discussed financing opportunities for strategic transportation projects, and the possibility of implementing some of them according to public-private partnership models, which contribute to attracting investments and infrastructure development.
The meeting was attended by the Director of International Cooperation, Ayad Al-Assad, the Director of Land Transportation, Engineer Ali Asbar, and the Director of Investments, Ali Al-Kador.