MOT issues an explanation regarding Daewoo company

INA - Baghdad

Ministry of Transport issued a clarification regarding the work of the Korean company Daewoo executing the large port of Faw.

 In a statement received by the Iraqi News Agency (INA), the ministry stated, "Since the government of Prime Minister Mustafa Al-Kadhimi assumed its duties, the Grand Port of Faw has given great importance and started the actual steps for implementation. Negotiations have been made with the Korean Daewoo Company for several reasons, including that it has a decision by the previous Cabinet to exclude it from  Conditions of government contracts in order to speed up and raise the pace of work, and the company's machinery and its engineering and technical staff are present in the work land, which saves time and effort faster.

 In addition to that, "Daewoo successfully implemented the western port breakwater, based on the above, negotiations were held for a period of three months by the Ministry of Transport represented by the minister and the advanced cadre with the former director of the company and its advanced staff in the presence of members of the Parliamentary Services Committee and the Parliamentary Integrity Committee, and it was reached.  For a preliminary agreement to implement five projects, with a depth of the mooring basin and the navigation canal at a depth of 19.8, for a total amount of two billion three hundred seventy million dollars, with an implementation period extending to three years.

 Daewoo explained, "After the appointment of the new director of the Faw Port project, the Korean side represented the Daewoo company, headed by the deputy director of Daewoo, who came from Seoul, as Daewoo demanded that the ceiling of implementation amounts be raised from 2 billion and 370 million dollars to 2 billion and 800 million if the ministry wanted.  Depths of 19.8 ".