Iraq to launch new phase for Grand Faw port concession

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General Company for Ports in Iraq has announced plans to launch further phases for Grand Faw port after the completion of construction works for five main piers to unload ships and a yard for containers.

In December 2020, the authority signed the US$2.7 billion contract with Daewoo for the first phase of the project, which involved construction works for the five piers, the subsea tunnel connecting the Southern port of Faw with the Umm Qasr Port as well as the highway connection Al Faw port - Basra. The construction works for the tunnel and road are now underway and expected to finish in 4 years.

The plan to develop the construction of nearly 100 berths will be included in later phases of the project. Approximately US$4.3 billion in investments will be made in further phases of the port development. Once finished, the Grand Faw port will feature 7 km long quays with an 18-meter deep harbor and a 24 km long dredged channel to accommodate any currently operating container ship. Once finalized, the port will have a capacity to handle 99 million tonnes annually, making it the largest port in the Middle East.

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