Iraq awards US $110m port rehab project to Mitsubishi
Mitsubishi Corporation has won a $110-million contract for port rehabilitation in Iraq from the General Company for Ports of Iraq (GCPI).
Mitsubishi will be responsible for coordination and will arrange the delivery of supplies from Japan, while two Turkish firms (energy infrastructure provider Calik Enerji and construction firm Gap Insaat) will undertake most of the construction work.
The contract covers a port rehabilitation project in the country’s Basra province and is being funded through official development assistance loans provided by the Japan International Cooperation Agency.
The modernisation project will improve the existing industrial port facilities around Basra by expanding the oil products berth at Khor Al-Zubair Port, and building a new service berth for working ships and service boats at Umm Qasr Port.
Umm Qasr and Khor Al-Zubair are the only ports in operation in the Basra region.
The project aims to meet the growing demand for port infrastructure as trade flowing in and out of the country increases.