Cabinet Approves $700m Daewoo Deal

By John Lee.

Iraqi Cabinet has authorised the Transport Ministry to sign the breakwater project for Great Fao [Faw] Port in Basra with the South Korean company Daewoo Engineering and Construction.

According to a report from Aswat al-Iraq, this phase of the project will cost 521.56 million Euros.

(Source: Aswat Al Iraq)