16 Firms Bid to Build $412m Grand Faw Breakwater

: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/filecom/public_html/sbdc/includes/unicode.inc on line 311.

By John Lee.
Sixteen companies have bid to build a 480 billion-dinar ($412 million) breakwater for Iraq’s Grand Fao [Grand Faw] port.
Omran Radhi, director general of the State Company for Iraq’s Ports, told Bloomberg that the list of bidders includes:

  • Hyundai Engineering & Construction;
  • Daewoo Engineering & Construction;
  • Dredging International;
  • China Communications Construction Company; and,
  • Al Habtoor Leighton Group.

There were also bids from Brazilian, Turkish, Italian, Ukrainian, Jordanian and Iraqi companies.
The esults will be announced after an evaluation that will take up to two months, Radhi said, adding that construction of the breakwater will be financed by the government.
The Grand Fao port will have capacity for more than 30 ships and will provide at least 100,000 jobs, Radhi said in a March 5 interview. The first phase of he project will cost $6 billion (7.2 trillion Iraqi dinars).
(Sources: Bloomberg, AKnews)