Iraq is planning to assign a $1.3 billion contract that will mark the delivery of a marine works component for the start of phase 1 of Grand Al-Faw Port. The news was announced during the annual MEED Arabian World Construction Summit since the project’s first phase pre-qualification are being examined.
The project director, Asaad Rashid, declared that there are 18 consortium pre-qualification documents to be examined for Grand Al-Faw Port project.
The Grand Al-faw Port is located at the Shatt Al-Arab’s entry opposite to Kuwait’s Boubiyan Port. The port will have an ultimate capacity of 3.5 million 20-foot-equivalent unit (TEUs). Phase one of the project is currently under completion, with a capacity to be 2 million TEUs containers and general cargo.
This project is expected to reduce the constant congestion in the port of the Iraqi Gulf. The Iraqi government is keen to expedite the development of the project. Currently two construction contracts are underway. The first is an 8-km breakwater design valued at $280 million; it is an 18-month contract to be completed by the summer by Greece’s Archirodon. The second is a 16-km western breakwater design valued at $700 million; the South Korean company, Daewoo Engineering & Construction completed it by the end of 2013 by.
Once finished, the port is expected to become a dynamic gateway for seaborne imports into Iraq and regional markets.