Iraq is preparing to tender the $1.3bn contract to deliver the marine works component of the first phase of the new Grand Fao [Faw] Port.
Project director Asaad Rashid told MEED's Arabian World Construction Summit (AWCS): "We are evaluating prequalification documents from about 18 consortiums … We shall issue the shortlist for the project by the end of May or early June. We shall sign the contract by the end of this year."
The first phase, which is due to be completed in 2018, calls for a port with capacity to handle 2 million 20-foot equivalent-unit (TEUs) containers plus general cargo; the port's ultimate capacity is 20 million TEUs.
According to the report from MEED, two construction contracts have been placed for:
• The 8km eastern breakwater, which is being built in a $280m design and build contract by Greece’s Archirodon. The 18-month contract is due to be completed this summer;
• The 16km western breakwater, for which South Korea’s Daewoo Engineering & Construction was awarded the $700m design and build contract at the end of 2013.
The final two elements of the port’s first phase are:
• Land-side facilities, including the railway line, roads, utilities and other units. Companies interested in bidding for this contract are being prequalified;
• The concession to operate the port.