A preliminary deal has been signed to construct a high-speed rail linking Baghdad to a southeastern city Basra.
Weeks after signing a €500 million contract to build a power plant in Israel, the French engineering giant Alstom wastes no time to partake another high-profile project. This time with Iraq.
With the "memorandum of understanding" signed, BBC reports that Alstom "will hold exclusive talks with Iraqi officials for 12 months to try to strike a final agreement."
Should this project materializes, some 400 miles of rail network will be built. "The line would handle speeds of up to 155 mph," BBC says.
Read the full story: Iraq: France's Alstom signs high-speed rail line deal
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