Expansion of Doha Port in full swing

January 23, 2014 - 4:52:36 am

DOHA: The expansion of the Doha Port is going on in full swing and the aim is to increase its capacity to handle 750,000 containers a year.

There is pressure on the existing port due to increasing imports amid a booming national economy.

And, the first and second phases of the New Doha Port, work on which is going on, are to be merged and the third phase that was originally slated to be completed in 2030 is now planned to be over by 2020.

This means that the container handling capacity of the new port will be six million by 2020, a decade before originally scheduled. The new port’s capacity during the first phase was planned to be two million containers annually by 2016.

The second phase was originally slated to be completed in 2020 with the container-handling facility doubling to four million.

The first two phases are now being merged to quicken the completion of the third phase by the end of the current decade.

The above plans were presented by the transport minister at the weekly meeting of the State Cabinet here yesterday, Qatar News Agency (QNA) reported.

Plans are also afoot to partly privatise the state-run transport company, Mowasalat, and make it public by floating an initial public offering (IPO).

A proposal to the above effect was also presented as part of the transport company’s future plans by the transport minister.

The Peninsula