22 Hrs
Source:
وكالة عمون الاخبارية
North-South railway plan targets European investors
A strategic project has been announced to establish a national railway network in Jordan, approximately 1,000 kilometers long, aimed at connecting logistical centers and border crossings for cargo transportation, and playing a regional role as a transit route to support trade. The project involves developing a single-route network built to international standards, with the potential to connect in the future with neighboring countries' networks. It will be implemented in phases, beginning with linking Ma'an to the northern and border regions. Financing will be provided through a joint company over a 30-year period, with funding comprising 50% loans and 50% equity, at an interest rate of 5%. The goal of the project is to promote rail transport instead of trucks, achieve economic sustainability, and expand regional connectivity. It is among the investment opportunities to be presented to European investors at the Dead Sea Conference in November, aimed at supporting Jordan’s role as a major corridor for goods in the region.
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