Jordan Railways Plans to Extend Railway Network
The Jordanian Government will issue a tender seeking funding for the proposed 2.4bn-dinar ($3.8bn) national rail network within the coming months.
The Transport Ministry is expecting to receive letters of interest from several financial institutions, such as the European Investment Bank, the World Bank and the Arab Monetary Fund, within two weeks.
The 950km rail network will connect Jordan with Syria, Iraq and Saudi Arabia. According to feasibility studies conducted by the French company BNB Paribas, the project will be executed under the public private partnership model.
The study also pointed out that projected annual revenues from the project would gradually grow from 229m dinar ($323m) in 2015 to 375m dinar ($529m) in 2020.