Transportation welcomes the proposal to form a "visual company" to build the port of Faw


Welcomed Transport Minister Bayan Jabr, on Sunday, a proposal by the Commission on oil and energy parliamentary member Mazen Mezni on the formation of the contribution of the people of Basra company to build a port of Faw.
Said Mezni in a press statement seen by the "long", "it was a draft port of Faw lose in order to see the feat achieved and the reasons that prevent the completion of this strategic project proportions," asserting that "the federal government should provide the necessary for the completion of this project financial liquidity, what its great economic returns for the country contribute to the increase of imports and ease the cash shortage of the general budget. "
The member of the Energy Committee that "proposed the formation of a holding company in the province of Basra in which citizens share capital rate (49%), local and federal governments (51%), in order to complete the project," noting that "Transport Minister welcomed this proposal at the meeting, it earlier. "
The Ministry of Transport and developed in April of 2010 the foundation stone for the project of Faw port that contains accordance with the basic designs developed by the consulting firm Italian on the container terminal 3,500 meters long, and a berth last a length of 2,000 meters, as well as an arena for storage containers with an area of ​​more than one million meters box, and other multi-purpose yard with an area of ​​600 thousand square meters.