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Daewoo Engineering and Construction (EandC) Secure $200 Million Basra Contract

Contract will involve the construction of a container terminal at the Al Faw new port project in Basra

Korean company Daewoo Engineering and Construction (E&C) have announced a contract win for the construction of a container terminal in Iraq's southern city of Basra.

The contract covers the phase 1 construction of the Al Faw Container Terminal, which will involve the building of a 4.5 kilometer-long temporary dike as part of the overall Al Faw New Port project in Basra.

Commenting on the deal, a Daewoo E&C official said "The project is a follow-up to the West Breakwater project in Al Faw, which is being built by Daewoo E&C for completion in June 2019,” . “Our successful implementation of the current project earned us strong trust from the client, who decided to award the new project to Daewoo E&C without holding an open bidding process."

Source: Business Korea


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