Doing Business In Kuwait

uk trade and investment logo ima logo
/media/29798/kuwait_towers_flag_headercroptext.jpg
 

News 16

Kuwait metro plans moving ahead

(MENAFN - Arab Times) Plans are moving ahead for Kuwait's country-wide metro system, which is hoped to address the growing issue of congestion and create a better environment for growth in commercial, business, industrial and residential markets.

In late March, the Partnerships Technical Bureau (PTB) invited contractors to express interest in a variety of contracts to develop rolling stock and systems for the Metropolitan Rapid Transit System Project (KMRT). A month earlier, the PTB signed off on a feasibility study for the $7bn metro. The project should be completed in five phases, with construction beginning in 2013, and once finished will span more than 160 km and be serviced by 69 stations.

The PTB plans to give winning bidders 40-50% of shares in "design-build-finance-maintain" infrastructure packages. The PTB has said it expects the metro to begin operating by 2020 and that the first phase of the development will extend more than 54 km and be serviced by 28 stations, nine of which will be underground.

To read the full article, please click here

Source - http://www.menafn.com/

 

Partner Profiles