Kuwait’s National Development Plan (NDP) will see the country’s infrastructure receiving huge investment over the coming five year development cycle.
The country’s massive 160km metro project has been valued at US$7bn by Kuwait Financial Centre, Markaz, and was analysed by Ernst and Young during the Infrastructure Investment Summit on 26 March.
Officially referred to as The Kuwait Metropolitan Rapid Transit System Project (KMRT) it is hoped the project improve Kuwait’s public transport infrastructure and will involve the development, financing, construction, operation and maintenance of a three line network that will be developed over five phases.
The first phase and line will connect Kuwait’s southern metropolitan area with the centre and will run 25.8km through to the main university. The other four phases will be developed and constructed as demand grows.
The PTB has announced the appointment of a transaction advisory team of Ernst & Young, Ashurst and Atkins to prepare the procurement stage, including metro infrastructure, control system, rolling stock, depot and operations.