Announcement of an International Investment Opportunity No. (2) of 2024

(Metro Najaf – Karbala) (Phase1)

(DBOMFT)

According to the Investment Law No. (13) of 2006, as amended, relevant regulations and instructions, and Council of Minister’s Decision No. (245) of 2019, as amended by Government Resolution No. (23374) of 2023.

the National Investment Commission announce the availability of an international investment opportunity to design, build, operate, maintain, finance, and transfer ownership (DBOMFT) of the (Najaf-Karbala) metro project according to the specific criteria described in the investment portfolio.

Investment companies and international investors interested in this opportunity should apply at the headquarters of the National Investment Commission located in Baghdad/Green Zone/near the Turkish Embassy for the purpose of purchasing the investment portfolio for an amount of (100,000,000) One-Hundred Million Iraqi dinars.

In case you have any inquiries, please get in touch with us by phone number (+9647722333068) or by e-mail (oss@nici.gov.iq).

 General terms and conditions:

• Purchasing the investment portfolio should be within (30) days, starting from (Monday 12^th, February 2024) and the deadline is on (Tuesday 12^th, March 2024) at (12:00 p.m.)

• Submission of investment bids should be within a period of (30) days, starting from the closing date for purchasing the investment portfolio, and the deadline for receiving Investment bids is on (Thursday 11^th, April 2024), Noting that the feasibility study should be submitted in both Arabic and English.

• Bids submitted to the National Investment Commission will be subject to evaluation by the government’s specialized consultant for all works, including design, implementation, and supervision of operation and maintenance.

• The qualification process of the applied bids for the investment opportunity shall focus on the experience of companies specialized exclusively in the field of trains as its main criterion.
• One of the criteria for differentiation between the investment companies applying for this opportunity is the privileges provided by these companies to the government.
• The route starts from Najaf International Airport, passes through the city centre of holy Najaf province, arrives at Karbala Airport International, and then goes to the city centre of holy Karbala province. (with a total number of four main stations)

• The proposed length of the (Najaf-Karbala) metro route is (90 km).

• Investment companies are to provide an economic feasibility study, project details, a funding plan, a timetable for project completion, previous similar projects executed by the investor or the investor’s partners (inside or outside Iraq).

• The investor takes into consideration the previous studies of the transportation projects regarding (Najaf-Karbala) metro and shall bear the costs resulting from any obstacles, transfer, and treatment of services during the implementation and in case there is any  nterference with private or public assets (real estates) along the proposed routes, the investor shall bear the costs of these
• interferences.

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