Basra Investment Commission presented a draft of Faw on the specialized international companies as an investment opportunity

[Basra - where]

Basra Investment Commission announced it had obtained a decision to transfer the port of Faw project of the Ministry of Transport to the Commission as an investment opportunity and presented to the competent authorities for the implementation of corporate-style building investment

He praised the head of the Basra Investment Khalaf al-Badran efforts of the Minister of Transport Hadi al-Amiri in this Alsddoukal "after the stage of the development stage designs for the legislator port of Faw and after the lack of financial allocations from the central government has sought local government for more than four years with the Ministry of Transport and the Central Government for the harbor and the announcement as an opportunity investment.

He said Badran "After our studies competent to the Minister and the details of our plans to stay through the investment of the success and speed of this experience in realizing the dream of visual goal of the project port of Faw and put the project on the companies to sober, approved and Transport Minister Hadi al-Amiri transfer of power to the project from the Federal Ministry to the power of the BIC, praising and understand the mentality of the Minister to implement the project by investing and giving him the powers of the ministry to the body as that investment is the best solution and the fastest in his residence within the international standards. "

According to Badran that the Basra Investment Commission has succeeded to obtain the nine investment opportunities that the task of the minister of transport, including the port of Faw and announced as an investment opportunity and after agreement with Iraqi ports were provided Basra Investment Commission a bond and profile of land and become opportunities, including the port of Faw a reality and the investment opportunity has been announced formally through various means, as well as we get the investment opportunity include the development of 26 berths by (13) berths in the port of Umm Qasr and (13) berths in the port of Khor Zubayradafah to other investment opportunities, pointing out that this success came through the efforts of the Minister of Transport Hadi Ameri and his initiative and support of open wheel investment and development in Basra.

Badran said that the project has become part of our projects at hand and the door is open to negotiate with everyone, especially for companies with experience and sober and have a work performed in the countries of the world, which would give priority in the investment opportunity.

In a reference to project the rail line from FAO to Turkey between Badran said the project is considered a legitimate complement to the project port of Faw, where we seek to build as well as across the two methods of implementation or investment, as well as by two-stage or in conjunction with setting up a project port of Faw, as the economic feasibility lies in the adhesion of the two projects and implemented through a single company.

Badran pointed out that we will cooperate Kbesrien all as a government and businessmen to set up this project as we will not give up on this port and opportunity.

He announced that after this great success of the Basra Investment Commission and the local government access to the port as investment opportunities we will work to attract companies sober and receipt of plans and technical studies in order to study in cooperation with Iraqi ports through the employment of experts and specialists, and there will be a preference and priority to the quality of plans and the cost of implementation minimum. / End


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