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Baghdad / Orr News
The Ministry of Transport announced that the Greek company that won the contract to implement the breakwater of the port of Faw will start work within the next two weeks after the completion of measures to open a documentary credit. Said Undersecretary two ريكاني banks "The Ministry of Transport will work on completing the procedures to open letter of credit the company's Greek winner holding the breakwater of the port of Faw in the next two weeks to begin its business." He added that "Once you open a documentary credit measures the company will begin its work and which identified 18 months to complete the project."
The Ministry of Transport announced earlier that the Greek company winning contract breakwater of the port of Faw breached the terms of the contract by changing the project manager, naval officer and resident engineer, Ministry later announced on the understandings held between them and the company.
The four companies are competing Korean, Chinese and Greek and Italian joint venture of 16 Belgian companies on the implementation of the project and the choice fell on the Greek company adoption mechanism gives the 70% technical and 30% of the financial view.
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