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Investment Opportunity~~Constructing Faw Grand Port~~Iraq~~According to Investment Law No 13
6/24/2015
Posted on 06.22.15
Ministry of Transport is pleased to announce the investment opportunity of constructing Faw Grand Port according to investment law No. 13 for the year 2006, amended and its regulations.
Descriptions:
Project location: Faw Peninsula, Abdullah Khor coast, South of Iraq
Project total area: 40 thousand acres
Port area: 54 KM²
Designed Capacity:
Container terminal of 16 km length with total capacity of 25 million container/year
Bulk cargo terminal of 5 km length with total capacity of 55 million ton/year
General cargo terminal of 4 km length with total capacity of 4 million ton/ year
Oil derivatives terminal of 6 km length with total capacity of 230 thousand barrel/ day
Note: the port is designed for oil products, commercial and industrial purpose but not for crude oil
Cost of project:
Total cost of the project is 7 billion Euros
Eastern and western brakewater phase have been funded by the state budget with total amount of 720,000,000 Euros
The total cost of the first phase that make the port ready to operate is 2,370,000,000 Euros
Note: the land is already allocated for the project
Interested investors are required to submit their offers to the investment section in the ministry of transport or the project management office in Basra either directly by hand or through the emails shown below with enclosing the following documents:
Interest letter
Introductory profile of the investing firm
A statement of the financing plan and its sources
Project plan mechanism of running the project (IQDT)
Within 60 days from the date of publishing this announcement, applications shall be technically and financially evaluated, while the finally elected appliers shall be required to submit a 5 million $ letter of credit as a condition to start negotiations to ensure seriousness.
Investment section: [You must be registered and logged in to see this link.]
Project management office: [You must be registered and logged in to see this link.]
