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Several major global ports want to co-op with Azerbaijan – Baku port head

Economy Materials 19 January 2016 20:31 (UTC +04:00)
Baku International Sea Trade Port has received proposals for cooperation from a number of the world's largest ports
Several major global ports want to co-op with Azerbaijan – Baku port head

Baku, Azerbaijan, Jan. 19

By Maksim Tsurkov - Trend:

Baku International Sea Trade Port has received proposals for cooperation from a number of the world's largest ports, director general of the port Taleh Ziyadov told reporters Jan.19.

"We receive a lot of applications with an offer of cooperation," Ziyadov said. "We work closely with ports of Singapore, Dubai, Antwerp and Rotterdam, which have sufficiently attractive offers to come and work here. Large logistics companies also have the same desire, which is associated with strategically important geographical position of Azerbaijan, which is located close to large global markets and has stable economic basis."

The construction of the new international sea trade port began in November 2010.

Implementation of all three phases of the port's construction in the Alat settlement will cost 870 million manats.

The first phase, which is the main one, is estimated to cost 540 million manats. The cost of the second and third phases is estimated at 150 and 180 million manats, respectively.

The second phase envisages the construction of additional three cargo berths, and the third one - the construction of additional two cargo berths.

In the second phase, the port's cargo transshipment capacity will reach 17 million tons of cargo, and 150,000 containers, and once the third phase ends this figure will be 25 million tons of cargo and one million containers.

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