Iraq signs two port investment contracts

7/16/2009 9:54:08 AM

Iraq's Transport Ministry said it has signed two contracts with French firm CMA and a German-Kuwaiti joint-venture to invest in two commercial wharfs in Umm Qasr port, Aswat al-Iraq news agency has reported.   The ministry has also signed another contract with an Iraqi firm to build two new docks and a container station at a cost of more than US$12m with the aim of increasing the volume of exported and imported loads via the southern ports.   Cargo News Asia

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