Transport Minister calls for speeding up the completion of the project port of Faw

Alsumaria News / Basra
announced the General Company for Ports , which is based in the province of Basra onSaturday, the Transport Minister Kazem cup erythema ordered the opening of an office at the site of construction of a port project Faw big in order to pursue the project and to accelerate its implementation. The director of the Department of Information andPublic Relations in the company Anmar Abdul Moneim net in an interview withAlsumaria News's, " the minister paid a visit to the site of his first since assuming theresponsibility of the ministry management project port of Faw , " noting that "erythema met with a working group of ( Daewoo ) of South Korea , which holds the creation breaker western waves at the project site and promised that the project is a top priority because of its great economic importance to the national level. "

Net and pointed out that " The minister ordered the opening of an office at the project site to allow him to continue to work closely and to overcome the difficulties," adding that "erythema was strongly interested in the project port of Faw before the Minister of Transport, and after he became a minister he went to visit the project site before visit commercial ports and other facilities of the ministry in Basra. " the total cost ofspeculative for the construction of the port estimated four billion and 400 million euros, the government has moved towards financing the early stages of the project to be thefounding of a local holding company is funded by the remaining stages of theinvestment formula, especially since the port is of great importance to global trade level if what has been the establishment of a railway line connecting the Gulf region through the Iraqi territory in northern Europe through Turkey , a strategic project for the transport of goods known as "dry canal", and currently holds the company (Daewoo) South Korea set up the breakwater Western at the port site, with the company (Orchirodon) Greek establishment breaker eastern waves, and then direct drilled harbor basin and deepen the navigation channel leading to his decision. in terms of financial allocations the government has allocated 46 million euros in 2011 to pay for the consultancy contract for the project, in 2012 the government allocated 470 billion dinars for the purchase of two excavators and create breaker (barrier) waves, and in 2014 allocated the Ministry of Finance the amount of 500 billion dinars as an advance to cover the costs of setting up 60% of the construction project breaker western waves, and after that the government had difficulty in the allocation of more funds to accomplish the project, therefore, the entire project as an investment opportunity offered, but only a few companies have expressed interest.