Azerbaijan postpones construction of the new Baku International Sea Port from 2009 to 2010
The Azerbaijan Transport Ministry is planning to start the construction of a new international sea port in the village of Alyaty (Garadagskiy district in Baku) in 2010, Sadraddin Mammadov, the Head of the Azerbaijan Transport Ministry’s Department of Transport Policy & Economy announced to journalists, RZD-Partner reports.
Earlier the Deputy Minister of Transport, Musa Panakhov, said that the construction of this port had to be launched in 2009.
Mr Mamedov said that South Korean company GS Engineering & Construction had already presented the technical-economic base for the project and results for the initial project work.
“At the moment a detail engineering plan for the project is being worked out. Geological investigation of the future location for this port will take place next. We hope we shall complete the project on time, and will begin construction in 2010,” said Mr.Mamedov.
Construction will take in three stages and will be completed by 2016. The estimated cost is $400 mln.
Mr.S.Mamedov also mentioned that MinTrans is still considering another big project to construct a road bridge across Baku Bay.
The feasibility study for this project was carried out with the participation of Korea’s Dong Sang Engineering (DSE).
“The Korean company have submitted a first draft of the feasibility study, and this is now under discussion. The Azerbaijan government will then choose the final version of the feasibility report and make the decision to launch it. The global financial crisis cannot affect this project in any way because the Korean company will finance the engineering and building of the bridge, and then will operate it until it achieves complete recoupment of its investment,” the head of the department said.
According to primary evaluations, construction costs will be around $1 bln. The bridge will be 14.5 km long and a toll fee to use this bridge will be set. The Korean company will receive the income from the bridge for 25-30 years.
Earlier the Deputy Minister of Transport, Musa Panakhov, said that the construction of this port had to be launched in 2009.
Mr Mamedov said that South Korean company GS Engineering & Construction had already presented the technical-economic base for the project and results for the initial project work.
“At the moment a detail engineering plan for the project is being worked out. Geological investigation of the future location for this port will take place next. We hope we shall complete the project on time, and will begin construction in 2010,” said Mr.Mamedov.
Construction will take in three stages and will be completed by 2016. The estimated cost is $400 mln.
Mr.S.Mamedov also mentioned that MinTrans is still considering another big project to construct a road bridge across Baku Bay.
The feasibility study for this project was carried out with the participation of Korea’s Dong Sang Engineering (DSE).
“The Korean company have submitted a first draft of the feasibility study, and this is now under discussion. The Azerbaijan government will then choose the final version of the feasibility report and make the decision to launch it. The global financial crisis cannot affect this project in any way because the Korean company will finance the engineering and building of the bridge, and then will operate it until it achieves complete recoupment of its investment,” the head of the department said.
According to primary evaluations, construction costs will be around $1 bln. The bridge will be 14.5 km long and a toll fee to use this bridge will be set. The Korean company will receive the income from the bridge for 25-30 years.