The director of the large FAO project announces to NINA the signing of five important contracts at a cost of two billion dollars

Thursday 17, September 2020 11:49
 
Basra / NINA / The Director of the Large Faw Project, Engineer Asaad Abdul Rahim, announced the preparations for signing five important contracts at the Faw Grand Port at a cost of about two billion dollars in the event that a final agreement is reached with the Korean company Daewoo at the end of this month.

Abdul Rahim added to "the Iraqi National News Agency / NINA /" that if these contracts are signed and completed, the operation of the first phase of the port will be 80% ready. And what remains of it is some complementary work that will be carried out by the party that will manage and operate the port. He pointed out that after completing the contracts, international companies specialized in managing and operating container ports will be invited and some complementary works.

Abdel-Rahim pointed out that "what is needed most for the implementation of Al-Faw Port is funding and bold decisions from the decision-makers. In the field and technically, all matters are going well within the ceiling of the allocations currently granted in cooperation and coordination with the Italian consultant team.

" It takes about three years to complete it is

mentioned that the large port of Faw is an Iraqi port in the Faw peninsula south of Basra. The cost of the project is about 4.6 billion euros and the planned capacity of the port is estimated to be 99 million tons annually to be one of the largest ports overlooking the Arabian Gulf and the tenth in the world. Lay the foundation stone for this project on April 5, 2010./ End

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