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Friday
Jun242011

French Company to Build High Speed Rail in Iraq

XAVIER LEOTY/AFP/Getty Images(LONDON) -- On Friday, French engineering company Alstom took preliminary steps to construct a high speed railway in Iraq, BBC News reports.  The line will connect the Iraqi cities of Basra, Baghdad, Karbala and Najaf.

Alstom told BBC News that it has signed a "memorandum of understanding" with officials in Iraq.

Alstom has declined to release any financial details of the proposed project.  Talks to reach a final agreement will continue for the next 12 months, an Alstom spokesman says.

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