Mitsubishi to modernise Iraq port facilities
Mitsubishi Corporation (MC) has been awarded a circa US$110m port rehabilitation contract to modernise existing industrial port facilities around Basra.
The project, awarded by General Company for Ports of Iraq (GCPI), will focus on 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.
The project will be executed through a partnership between MC and multiple international contractors, including Turkey-based energy infrastructure provider Calik Enerji (CE), in which MC holds shares, and construction firm Gap Insaat, also Turkey-based.
Both part of the Calik Holding group, the sister companies will play a major role in executing construction while MC will be responsible for overall project coordination and serve as the prime contractor, facilitating the import of steel structures and other necessary supplies from Japan.
The project is being funded through ODA loans provided by the Japan International Cooperation Agency (JICA).
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