A team comprising Turkeys Calik Enerji and Japans Mitsubishi Corporation has submitted the lowest bid of $90m for the contract to rehabilitate the Khor al-Zubair Port in southern Iraq.
MEED understands that negotiations are still ongoing between the team and the General Company for Ports, a division within the Iraqs Transport Ministry.
The client received bids from two groups for the contract on 28 August.
The other bidder comprises a team of Turkeys Enka Insaat and Japans Toyota Tsusho.
The scope of work includes berths service, building and civil works and the construction of associated facilities.
Sources familiar to the project tell MEED an award is expected before the end of 2017.
Khor al-Zubair Port is located on the extreme northwest of Khor Zubair, 34.4km southwest of Basra city and 16.3 km northwest of Umm Qasr port.
The port has 11 berths with maximum arrival draft of 9.1 meters during high tide, according to GAC, the UAE-based firm that operates the port.
GAC operates three other ports in Iraq including Umm Qasr, Basra Oil Terminal and Khor al-Amaya Oil Terminal.