Arabian Business, Thursday, Nov 8, 2018 | Safar 30,1440
Kuwait seeks $59m for international advisor for railway project
Kuwait’s Public Authority for Roads and Transportation has requested a “special
budget” of KD 18 million ($59m) for an international advisor to help design the
country’s railway project, according to a local media report.
The Kuwait Times reported that the authority’s
Director General, Ahmad Al Hassan, has asked that the funding be made available
during the next fiscal year.
The request is currently awaiting approval from
Kuwait’s Finance Ministry.
The report added that the authority will begin
work on the project as soon as the funding is approved.
Additionally, Mohammed Al-Zubi, the assistant
director general for construction organisation and structural planning said that
the special budget is necessary to fund the payments due for the company working
on the design, operation and maintenance of the railway’s traffic monitoring
In August, it was reported that Work began on the
111-kilometre railway project connecting Kuwait with the rest of the Arabian
According to Kuwait’s Al Anba newspaper, the first
phase of the project will create a new rail connection to Nuwaiseb on the Saudi
border, as well as a 153km link between Kuwait City and Boubyan Port.
Citing senior officials, the newspaper said phase
one will cost an estimated $3 billion. The estimated cost of the first phase is
900 million Dinars ($3 billion) at 2016 prices and construction is expected to
take four to five years.