The Transport Ministry will submit to the government and president the final draft for removal of Baku International Trade Seaport to Alat.
The ministry officer Sadraddin Mammadov told APA-Economics that South Korea’s GS Engineering & Construction has sent the final draft of a new port to the Transport Minister yesterday.
He added that removal of the port will have three overlapping phases- 2008-2011, 2011-2013 and 2012-2015.
According to the initial calculations, construction of a new seaport in Alat will cost $396 million. There will be 11 berths, of which 6 will be constructed at the first phase.
The port will handle 11.6 million tons of cargo in 2015.
The financial sources of the project are being explored now. The project may be funded through government funds, or GS Engineering & Construction may take a stake.
The ministry officer Sadraddin Mammadov told APA-Economics that South Korea’s GS Engineering & Construction has sent the final draft of a new port to the Transport Minister yesterday.
He added that removal of the port will have three overlapping phases- 2008-2011, 2011-2013 and 2012-2015.
According to the initial calculations, construction of a new seaport in Alat will cost $396 million. There will be 11 berths, of which 6 will be constructed at the first phase.
The port will handle 11.6 million tons of cargo in 2015.
The financial sources of the project are being explored now. The project may be funded through government funds, or GS Engineering & Construction may take a stake.