Jordan’s Aqaba Development Corporation (ADC) is inviting firms to submit expressions of interest by 11 April for a marine works contract on the $700m Aqaba New Port project.
The works consist of dredging and reclamation, four general cargo berths, a roll-on/roll-off (ro-ro) and grain terminal, a marine services harbour, a breakwater and the extension of an existing seawater intake and outfall.
The construction works for the port will be divided into several packages. The design of the first package involving the marine works has already been awarded to US-based Aecom.
The ADC is expected to start issuing the request for qualification for the design of the onshore packages during the second quarter of this year.
The onshore packages include the earthworks and utilities, grain terminal and silos, and the general cargo, and a roll-on and roll-off ferry terminal.
The company will use its available financial resources to fund the project together with the proceeds of corporate bonds.
The company also said it will invite the private sector to participate in later stages of the development and operation of the new port in order to benefit from public-private partnerships.
Once the new project is completed, ADC will hand over the existing port site to UAE-based Al-Maabar, which has plans to build a real estate development there (MEED 3:8:09).
The completion date of the new port is still confirmed for the end of 2012.