Faw port is disabled because of a lack of financial allocations

Faw port is disabled because of a lack of financial allocations


Long / Zahra al-Jassem

It seems that the draft port of Faw will remain an unattainable dream, the lack of adequate allocations to achieve, despite the high importance, as it confirms the specialists, that completion of the first phase at full capacity, the seder budget financial revenue equivalent to what goes into the five Iraqi ports revenues combined, but its completion, the revenue will enable relatively comparable to oil revenues, as well as thousands of jobs it provides.
And the port of Faw , which has been the cornerstone of his position on the fifth of April 2010 by the Ministry of Transport, and the estimated cost of 4.6 billion euros (about US $ 5 billion) and did not see the light yet, some expect him to be one of the largest Gulf and international ports, but contend that it will change global shipping map, because it will carry a lot of goods from Japan, China and Southeast Asia to Europe via Iraq and vice versa (transit) instead of the Suez Canal.
Iraqi ports Director Tigers Safi says: We do not know why the subject of the port of Faw absent from the media, and this is a problem in themselves, a large draft working inside now more than 400 stomach and mechanism, stood along the breaker eastern him waves 8 kilometers and a half into the sea, and a depth of 17 meters , which is being implemented by the Greek company "Arguridon", is nearing completion on reaching accomplished more than 99 percent, and the completion rate Bkasr western waves reached 60%, long spans 16 kilometers and a half, into the sea and is implemented by the company "Daewoo" Korean. He asked not to be interest in him by everyone.?
Safi also said in an interview (to the extent), that this project has not left him only facilities that will be the nucleus of the port of sidewalks and yards and warehouses, adding: So we are looking for a company able to implement the remainder of the project, and if we got a solid company, we will proceed with the implementation of what remains of the other facilities of the port, and we can complete the work over the next four years , which is what we hope.
In the same hope, confirming media spokesman for the Ministry of Transport, Laith al - Rubaie, in an interview for "(to the extent), that his ministry is waiting to be completed Bkasri eastern and western waves of the port, to be subsequently refer the sidewalks to investment, which has been talking about it with the company" Daewoo Korea responsible for done, because there are faltering in their work because of the lack of financial allocations to complete the work Bkasr western waves ", has recently been guidance, by the Prime Minister, the finance and planning ministries, for the launch of the allocation for this project to completion, the company will resume its work soon.
see Rubaie said: returns financial ports, comparable yields of oil in Iraq, it is the economic lung of the country, they enrich the general budget a lot of money, he said , adding: draft a giant port big FAO, will arrive to accommodate the giant ships that can not currently access to the port of Umm Qasr and other , as it will be sidewalks oil and other grain, and will also contain a tourist village hotels, which means that the financial its returns will be very high, and it must focus on the achievement, he explained that the plan requires the establishment of the port in four stages, and in a period of four years for the first phase, but it is difficult to talk now for a time limit for the completion of this project is the fact that it comes to the financial allocation.
Director of the port of Faw body happiest Rashid points out, he was scheduled to get the payment in the amount of 200 million euros, for the completion of the completion of the Western Alkasir of the harbor, but the approval of the Prime Minister was to allocate 100 million euros, we are still waiting for its launch after the completion of government procedures, and goes Rashid said: as for the rest of the business infrastructure and docks of the port, Our problem is funding, where the plan was that the government funded the infrastructure for the project, but not to get it, you just go to the private sector, has been discussing for six months, with a number of international companies that presented some proposals finance and demanded sovereign guarantees 100% certain benefits.
He continues: As far as it comes to us, we have to study and evaluate all the proposals, and we raised a report thereon to the Ministry of Transport, which has submits it to the General Secretariat of the Council of Ministers of the Legal Department, to determine is any offer can be in line with what the government wants to complete the completion of the port project, and we still pending the decision in this regard, and in the case had been contracted with investment companies to build the project, you may be opening the first phase of it over the next four years, pointing at the same time, that, according to the observed economic feasibility study for the project in the long term, as was determined inception stages, The first phase will be five piers, and if this worked at full capacity, the revenues would be equivalent to all existing ports returns.
And bridge Rashid said: Today Iraq gets 200 to $ 250 million annually, Kawaid of five berths in ports combined, while the port of Faw and if completed fully in it will be 80 berths ,, has revenues of billions of dollars in excess of a year, if we add to that the region Industrial, which will be adjacent to the port, Aftaqh port will reach more than two million containers a year, except for other payloads of diverse goods, and in the viability of the Port of study, was supposed to be up fairly accommodated seven million containers per year in 2038, which means 70 million tons, It is designed to serve Iraq for the year 2038, to look after for alternatives to expand it , but certainly, at the time of implementation, depending on the needs of the country and the amounts available and the desire of investors.
For his part, a spokesman for the Oil Ministry , Assem Jihad, reveals that his ministry has a very large project to invest in the port of Faw gateway export, which is converting part of it to the port of petroleum products and liquid condensate such as gas because Iraq is moving to develop and expand the national production of these derivatives, to Besides the export of crude oil from the southern ports, and has now invite international companies to invest for the establishment of a refinery in the port of Faw 300,000 barrels per day.
He says jihad in his speech (to the extent), said that the project of constructing a refinery for petroleum products will begin with 300 thousand barrels down to one million barrels per day, noting, that includes infrastructure of pipelines and plants and pumping stations development, adding: Fmstqubla after the establishment of a group of refineries, in addition to these the refinery, Iraq will focus on maximizing national production through the development of the liquidation industry , which will be the largest revenue from crude oil export revenues, especially since there are an increasing global demand for oil products.
The answer to the question: Why do we work these projects in the port ?, says Jihad: we do because it is close to the loading and optimal investment Iraqi naval ports operations, to maximize Iraqi oil exports, but we also coordinate with the Ministry of Transport with respect to some of the technical aspects, but the planning process for ports exports and export ports, the Ministry of oil is working hard to expand the national production, especially as it is a giant and important strategy to continue for years to projects, and will have a positive impact on the economic reality of the country, in addition to that it will provide thousands of jobs for the people of the province and beyond.
So is an economist lion Mohammad Ali, that in the case of the completion of the establishment of the port of Faw, it will be a cornerstone in Iraq dry canal linking Asian trade Baloorobih without passing through the Suez Canal and the Strait of Bab al - Mandab, as it will save up to 10 to 13 days in shipping times transit trade costs and dramatically reduces, it will be the base station for local trade, as increases the absorption of ports for goods and reduces the importance of joint shipping lanes with Kuwait, and work is also increasing, from the Iraqi port capacity exponentially, in addition to the supplied large Khoznah stings and commercial services, hospitality task , with businessmen and traders Services is currently in the Iraqi ports.

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