Due to the great pressure, the Minister of Transport sends a letter to the Cabinet to approve the Korean company, not the Chinese company
Due to the great pressure, the Minister of Transport sends a letter to the Cabinet to approve the Korean company, not the Chinese company
2020-12-13
Big facts about Al-Faw port he talks about
On Sunday, the Minister of Transport, Nasser Al-Shibli, announced that a request had been sent to the General Secretariat of the Council of Ministers to obtain approval regarding the Faw port.
The official news agency quoted Al-Shibli as saying, “The Faw port is very important and there is much talk about it nowadays, revealing the presence of internal and external interference.”
He pointed out that “the ministry sent a letter to the General Secretariat to present it to the Council of Ministers and obtain approval, after which negotiations could be held with the Korean Daewoo company.”
Al-Shibli affirmed, “The main reason for heading towards the Korean Daewoo is that it obtained a decision from the Council of Ministers in 2019 to refer total or partial projects to it.”
Noting that “the Korean Daewoo is currently responsible for the construction of roads inside the port and the burial of the breakwater. It is also responsible for the start of the gate for the tunnel that connects the Al Faw port with Bakhour Al Zubair.”
The leader of the Iraqi Islamic Supreme Council, Sheikh Jalaluddin Al-Sagheer, revealed that there are two offers regarding the large port of Faw, one for the Korean company Daewoo and the other for a Chinese company, indicating that the Chinese contract was attractive, as the Chinese company is financing the project, unlike the Korean company that asked the Iraqi government to finance The project and the last one will have to borrow, while the Chinese company confirmed that the payment process will take place five years after the completion of the project, with very small interest to be paid within 25 years so that the government can pay it from oil imports. The Chinese company also confirmed that the completion period will be three and a half years, according to the Korean company. It will complete the work within four years, and the Chinese company will build a train track, a water desalination plant and a whole residential city, all of this for an amount less than the Korean offer.
This was also confirmed by Mustafa Al-Sanad, head of the former follow-up cell that Al-Kazemi disbanded:
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