Azerbaijan, Baku / Trend corr. S.Aliyev / The cost for construction of new international port in Azerbaijan, which is scheduled for 2008, is $440mln.
Presently, the Azerbaijani Transport Ministry holds consultations with the Korean company of GS Engineering & Construction regarding construction of new port outside Baku.
All terminals of the port, excluding oil terminal, are outside of Baku, which cause difficulties in transporting of cargos. The new marine trade port will be constructed in Alat settlement. New port will meet international standards. All shipbuilding enterprises functioning in Baku will be transferred to Garadag district.