Nabil Al-Bouenain, executive director of the New Port Project, said that Qatar intends to award three tenders this year for the construction of the country’s new port, with the estimated cost of QR27bn ($7.4bn), according to Arabian Business.
So far 17 projects are planned for the upcoming years and the port is scheduled for completion by 2016.
Considering that a total of QR8.5bn have been spent so far on 15 separate projects, Al-Bouenain stated : “ I don’t think the cost will increase, we hope it will decline, but we are committed to achieving it according to the highest international standards. ”
He also added that the two major concluded contracts so far were a QR3.2bn deal with China Harbor, and a second worth QR4.5bn with Middle East Dredging Company.
Al-Bouenain emphasises that the projects will be awarded to Qatari companies, and in case of a foreign partner, Qatari will not receive less than 51 percent of the share.
[mappress]
Dredging Today Staff, March 27, 2012; Image: deme