Joint venture wins Morocco port contract

14 February 2016

Turkish/Luxembourg/local joint venture offered $787m for the project

A joint venture comprising Turkey’s STFA, local Societe Generale des Travaux Du Maroc and Luxembourg’s Jan De Nul won the contract for the construction of a deep water port at Nador West in Morocco.

The joint venture offered MD7.6bn ($787.2m) for the project, outbidding five other groups.

The non-winning bidders and their financial offers are:

  • Acciona (Spain) / Grandi Lavori Fincosit (Italy) / IPC ($944.3m)
  • China Harbour Engineering Construction (China) ($951.2m)
  • Somagec (local) / Boskalis International (Netherlands) ($957.8m)
  • Archirodon (Greece) / Daewoo (South Korea) ($1.08bn)
  • Samsung C&T (South Korea) ($1.15bn)

The scope of the contract involves construction, dredging and civil infrastructure work.

On completion, the port is understood to have an annual capacity for 3 million containers, 25 million tonnes of hydrocarbons, 7 million tonnes of loose coal and 3 million tonnes of other goods.

In November 2015, the London-based European Bank for Reconstruction & Development (EBRD) issued a tender for three independent consultancy roles for the new port. All three consultancy contracts were to begin in the first quarter of 2016.

 

 

 

 

 

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