Daewoo Engineering and Construction (E&C) announced on May 7 that it has landed an order to build a container terminal for US$199.75 million in Basra, southern Iraq.
Daewoo E&C said it signed a contract to build Al Faw Container Terminal (Phase 1) with the attendance of Al Maliki, Iraqi minister of transportation, and Park Chan-yong, an executive director of Daewoo E&C, on April 30. The Iraqi Port Authority placed the order with the Korean builder. Daewoo E&C will build a 4.5 kilometer-long temporary dike for the first phase construction of a container terminal in the Al Faw region of Basra.
"The project is a follow-up to the West Breakwater project in Al Faw, which is being built by Daewoo E&C for completion in June 2019,” a Daewoo E&C official said. “Our successful implementation of the current project earned us strong trust from the client, who decided to award the new project to Daewoo E&C without holding an open bidding process."
In particular, the development of Al Faw New Port in Iraq is a large-scale project to build a port in Basra, which is the only Iraqi state that borders on the sea. The Iraqi government plans to grow Al Faw Port into one of the world's top 12 ports.