🏭Mitsubishi Corporation Awarded Contract for Port Rehabilitation in Iraq
May 30, 2018
Mitsubishi Corporation
Mitsubishi Corporation has been awarded a contract for port construction in the Republic of Iraq. Extended by the General Company for Ports of Iraq (GCPI), the contract covers a port rehabilitation project in the country’s southern region of Basra, and is valued at approximately 110 million US dollars.The project is being funded through ODA loans provided by the Japan International Cooperation Agency (JICA).
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, these two 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 objective of this project is to modernize existing industrial port facilities around Basra by (i) expanding the oil products berth at Khor Al-Zubair Port, and (ii) building a new service berth for working ships and service boats at Umm Qasr Port.
https://www.mitsubishicorp.com/jp/en/pr/archive/2018/html/0000034884.html
Mitsubishi Lands 1st Port Construction Deal in Iraq in 40 Yrs – JIJI PRESS