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(Baghdad: Al Furat News) The Ministry of Transport announced that its Iraqi Ports Company will sign tomorrow, Wednesday, with the Korean Daewoo Company, the implementation contract for the Faw Port project.
The media advisor to the ministry, Faleh Hadi, told Al-Furat News that “the signing ceremony will be attended by the Prime Minister (Mustafa Al-Kazemi) and will be held tomorrow at the ministry’s headquarters.”
The contract between the Ministry of Transport and the Korean Daewoo Company was scheduled to be formally signed last Sunday, as previously announced by the General Director of the General Company for Iraqi Ports, Farhan Al-Fartousi.
Al-Fartousi said in a press conference last Wednesday, that “the value of the contract that the Presidency of the Council of Ministers authorized the Ministry of Transport to sign with the Korean Daewoo company amounts to two billion and 625 million dollars and includes the construction of 90 berths, fifty of them for containers, 12 for bulk cargo and a number of others for oil berths with a total capacity of two million Per year container and the maximum capacity is 3 million containers.
Al-Fartousi stated that “the amounts are secured for the implementation of the project until the middle of 2022 or more, at 400 billion dinars from the borrowing law recently approved by the House of Representatives and more than 600 billion dinars from the 2021 budget,” adding that “the large Faw port project will be implemented according to the approved specifications and designs. By the Italian consulting company, “pointing out that” the project will provide job opportunities of up to 15,000 opportunities. ”
It is noteworthy that the Council of Ministers, in its 21st session this month, authorized the Ministry of Transport to contract with the Korean company to implement work on building the Faw Port project.
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