| Brinkley Lands Deal to Modernise Iraqi Port Oct 2nd 2012, 16:56 By John Lee. Iraq signed a $14-million deal with a U.S. consortium on Tuesday to modernise the Maqal Port on Shatt al-Arab waterway. The consortium, led by North America Western Asia Holdings (NAWAH), will invest in a new heavy-lift crane as well as container handling capabilities, and will build a modern container yard in one of the 14 berths at the 93-year-old port. As part of the 10-year agreement, it will also will dredge the Shatt al-Arab to nine meters to make it a "deep water"port.”Modernising Maqal Port is one step in Iraq's greater vision to improve and expand our country's shipping and port capabilities,” the Iraqi minister of transportation, Hadi al-Amiri, said in a statement. He added that NAWAH's commitment to Iraq's long-term economic growth “sends a strong message to other American and international investors that Iraq is truly ripe for investment.”Teaming up with NAWAH are the New Jersey-based Triton Container International Ltd., the world's largest owner-lessor of marine cargo containers, and the Chicago-based Marmon Crane Services, an international owner, operator and lessor of crane equipment that operates in 14 countries around the world. NAWAH is headed up by former Pentagon official Paul Brinkley (pictured), who was Director of the Task Force for Business and Stability Operations (TFBSO) in Iraq, responsible for economic revitalisation and stabilisation efforts in the country. (Sources: Washington Post, US Dept of Defense) | |
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