The Ministry of Transportation and the Islamic Development Bank are discussing priorities for financing and developing transportation projects.
Details:
The Ministry of Transportation held a technical meeting with a delegation from the Islamic Development Bank, to complete consultations related to support in the transportation sector, discuss project priorities and provide financing and technical support for their implementation.
The meeting addressed the infrastructural reality of the road and rail sectors, and the needs involved in the rehabilitation and development of networks, in addition to projects to improve regional connectivity and the goods transportation system.
Both parties discussed the benefit of the Bank's support for the preparation of feasibility studies, the assessment of the central road network and the updating of the strategic axis studies, especially the (North-South) and (East-West) axes.
The participants discussed providing advice, technical and legal support for the establishment of the national electronic platform for organizing the transportation of goods, linking cargo owners and carriers, increasing the efficiency of the truck fleet and reducing empty return trips.
The meeting touched on opportunities for financing strategic projects and their execution according to public-private partnership models for attracting investments and developing infrastructure.
The meeting was attended by the Ministry, Director of International Cooperation, Ayad Al-Assad, Director of Land Transportation, Engineer Ali Asbar, and Director of Investments, Ali Al-Kador.