A parliamentarian explains the reasons for the delay in the completion of the port of Faw.. What is the relationship of the Korean Daewoo company?

A parliamentarian explains the reasons for the delay in the completion of the port of Faw.. What is the relationship of the Korean Daewoo company?

3-23-2023

A parliamentarian explains the reasons for the delay in the completion of the port of Faw.. What is the relationship of the Korean Daewoo companyThe information/exclusive..
Member of Parliament, Rafik al-Salihi, explained the reason for the delay in speeding up the implementation of the large port of Faw, while he confirmed that awarding the implementation contract to the “bankrupt” Korean company Daewoo would greatly harm the Iraqi budget.

Al-Salhi said in an interview with Al-Maalouma agency that “there are political, regional and international reasons that were the reason for the delay in the speedy implementation of the Al-Faw port.”

He added, “This agreement was placed on the shelves of those who do not wish good for Iraq, with regional support from some countries and local implementation to award the contract for the implementation of the bankrupt Korean Daewoo company, according to a contract that costs the state treasury large sums.”

And the member of the House of Representatives confirms that, “the government of Muhammad Shiaa al-Sudani, within its agenda, has the task of activating the Chinese agreement, working in the port of Faw, and completing it in the next stage.”

On December 30, 2020, the previous government headed by Mustafa Al-Kadhimi signed a contract with the Korean company Daewoo worth $2.625 billion to build the first phase of the Al-Faw port for commodities, which is being planned in the south of the country.

The large port of Faw is one of the most important strategic projects in Iraq and the Arab Gulf region, as it will link the country to Turkey and then to Europe, which prompts many regional countries and some local authorities to delay its completion recently.

almaalomah.me