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The Ministry of Transport plans to extend invitations to foreign companies in the coming days, to invest in the port of Faw, while likely to start the port of Faw fully operational during the next two years.
The Minister of Transport, Abdul Hussain Abtan, in a press statement on thesidelines of his visit to the port of Umm Qasr, "The Ministry of Transportation will hold a conference at the Baghdad International Airport in the coming days to announce the investment opportunities for foreign companies to carry outprojects in the port of Faw and build sidewalks , " noting that " the move came because of austerity and lack of financial liquidity , which affected the implementation of the project Breakwater. "
He added Abtan, that" Kasser project waves and because of the lack of liquidity and the financial allocations did not go on an ongoing basis so we are going to invite foreign companies and give them opportunities to build the jetties of theFAO - style work on credit is the best way , "likely to" be running the port of Faw during the next two years. "
The Minister of Transport, that "the Iraqi ports need to develop to rise to the level of the ports of the region", he underlined that "the Ministry of Transport is seeking to be the first Iraqi ports in the region through rehabilitation and keep abreast of developments as witnessed in the region."
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