Transport ministry signs contract for new seaport construction
The Azerbaijani Transport Ministry has announced the results of an international tender for work and services to construct and equip a new international seaport complex n Alat settlement near the Azerbaijani capital Baku, a statement posted on Thursday in the state-run Republic newspaper said. The winner of the tender became local company Azerkorpu.
According to the report, the agreement was signed between the Transport Ministry and the company on October 19.
Construction of the seaport, located 65 kilometers south of Baku, began in November 2010.
Construction work, which will be implemented in three phases, will cost the Azerbaijani government over $1.1 billion. The first phase of the project involves the construction of two ferries, three cargo berths for receiving containers and conventional bulk carriers. The second phase of the project envisions the construction of three additional cargo berths and the third one - the construction of two more cargo berths.
The port can receive up to 11.6 million tons of cargo.
A free economic zone will be created in the territory of the port in the future besides a logistics center.
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