Syria has secured a $50 million funding package from the World Bank to support priority transport projects as the government moves to rehabilitate infrastructure and stimulate economic recovery.
The agreement was reached during talks in Damascus between Transport Minister Yarob Badr and the World Bank’s Country Director for the Middle East, Jean-Christophe Carret.
The funding will be allocated toward the purchase of 15 new locomotives and a technical assessment of existing railway engines to determine maintenance and modernization requirements across Syria's rail network. The two sides also discussed the proposed "Phosphate Transport Corridor" project, designed to facilitate shipments to export ports, further boosting the nation's trade capacity.
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