A comprehensive initiative is underway to transform Baghdad International Airport through rehabilitation, expansion, financing, operation, and maintenance. The latest update reveals a detailed presentation of the technical and economic feasibility study prepared by the International Finance Corporation (IFC) of the World Bank. This study outlines the airport’s potential growth and the necessary steps to accommodate between 8.5 to 9 million passengers annually. The IFC’s involvement marks its first public-private partnership (PPP) mandate in Iraq, setting a significant milestone for the country’s infrastructure development.
Baghdad International Airport, the largest international gateway in Iraq, has experienced a compound annual growth rate of 15.7% in air traffic, with passenger numbers surpassing 3.4 million in 2023. The rehabilitation and development efforts will include constructing a new passenger terminal to accommodate the anticipated growth in air traffic through 2036. This expansion will elevate the airport’s facilities, safety measures, and services to meet global standards, enhancing passenger comfort and ease of movement within airport facilities and terminals.
The endeavor aligns seamlessly with Iraq’s 2030 Vision for Sustainable Development and government agenda, which emphasize fostering private sector involvement in critical infrastructure assets. By adhering to the latest specifications and standards set by international airport organizations, the initiative aims to ensure the highest levels of safety and service quality. This strategic move is expected to diversify Iraq’s economy, reducing its reliance on oil revenues and attracting investment from reputable Arab and international companies.
Environmentally, the transformation of Baghdad International Airport will contribute to sustainable development by promoting more efficient and modern infrastructure. Improved facilities and operations will lead to better resource management, reduced emissions, and a lower environmental footprint. By enhancing connectivity and efficiency, the initiative will support eco-friendly practices, aligning with global efforts to create greener and more sustainable transportation hubs.
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Source: BNC Project Intelligence
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