Page 24 - bne_newspaper_September_22_2017

Weekly Lists
September 22, 2017 www.intellinews.com I Page 24
bne:
Infrastructure
Second phase
of Izmir container port completed
SOCAR Turkey on September 19 announced the completion of the second and final phase construction of a $450m deepwater container port in Turkey that is the largest such facility in the Aegean region.
The company, a subsidiary of the State Oil Company of the Azerbaijan Republic (SOCAR), decided on constructing the infrastructure near Izmir partly to assist the export plans of sole major Turkish petrochemical producer Petkim, for which SOCAR Turkey is investing towards $20bn in rolling out a petrochemical production “supersite”.
However, with a capacity of 1.5m-TEU (20-feet equivalent units), APM Terminals Izmir should become a clear rival to Greece’s Piraeus Port for the full scope of container shipments.
SOCAR Turkey, itself owned by SOCAR, owns 70% of the port while investment bank Goldman Sachs owns 30% of the port through Petkim unit Petkim Limancilik (Petlim), with Azerbaijani state- controlled SOCAR holding the rest.
The Albanian Ministry of Energy and Infrastructure has called a pre-qualification tender in a renewed procedure for the Fier and Vlora bypass project, the European Bank for Reconstruction and Development (EBRD), which is co-financing the project, said.
The Fier and Vlora bypasses were expected to be completed in 2016 and October 2017 respectively, but the completion was delayed
due to various problems. The bypasses will help improve regional integration, facilitate trade and economic growth, and support tourism development in southern Albania.
The tender refers to works associated with the construction of the Fier-Levan road and mainly concerns the construction of the Fier by-pass. The length of the Fier-Levan road is about 22 km, the EBRD said in a statement on September 19.
This project is part of the construction of the north-south corridor that crosses the country from the border with Montenegro to the border with Greece.
Albania calls tender for Fier and Vlora bypass