NEW INTERNATIONAL TRADE SEAPORT PROJECT DISCUSSED

16.01.2008 [22:08]
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A meeting of a working group for the new International Trade Seaport project presided over by Deputy Minister Musa Panahov has discussed the project, Ministry’s department chief Sadraddin Mammadov said. The new seaport is to be built by Korean GS Engineering & Construction company in the Alat settlement.

Experts of the working group representing Caspian State Shipping Company, Baku International Trade Seaport, State Maritime Administration and Transport Ministry presented their proposals to the Korean side.

Korean company will scrutinize the proposals and submit the final version of the project to the Ministry.

The project`s working group will continue working to process the documents concerning 400 hectares of land in the Alat settlement and stick with the action plan.

Department chief said construction of the seaport will begin in April.

The seaport from Baku to Alat settlement will be transferred in three stages. The first stage will cover 2008-2011, second one 2011-2013 and third one 2013-2015. The new seaport will be constructed at the expense of the state budget and foreign loans.

The seaport will have the capacity to handle 11.6 million tons of cargo in 2015.

NEW INTERNATIONAL TRADE SEAPORT PROJECT DISCUSSED

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