Infrastructure Investment High on Kuwait’s US $130bn National Development Plan
KUWAIT CITY, Kuwait, March 14, 2012 /PRNewswire/ –
Ernst & Young to deliver an overview of US $7bn Kuwait Metropolitan Rapid
Transit System (KMRT) at a major Infrastructure Investment Summit on 26 March
Kuwait continues to invest heavily in expanding the nation’s infrastructure in all
major industries. One sector benefiting from the National Development Plan is the
transport sector where The Partnership Technical Bureau (PTB) in Kuwait recently
confirming approval for The Kuwait Metropolitan Rapid Transit System Project (KMRT).
Kuwait Financial Centre – Markaz valued the new 160km project at US$7bn. The metro
service is designed to 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 25.8-km through to the main university. The other four phases will be
developed and constructed over the coming years as demand grows. The PTB has appointed a
transaction advisory team of Ernst & Young, Ashurst and Atkins to prepare the procurement
stage, including metro infrastructure, control system, rolling stock, depot and
Driving the US$7bn worth of investment in metro projects is The Partnership Technical
Bureau (PTB) and Ernst & Young who will be joining Infrastructure Investment Kuwait 2012
Summit, from 25 – 28 March 2012 at Crowne Plaza, Kuwait City. During the summit Hashem Al
Tabtabael, Partnership Technical Bureau will be giving an overview of infrastructure
development in Kuwait and Mohamad Mneimne, Senior Executive from Ernst & Young will give
an exclusive outline of the Kuwait Metro Project
Joining Hashem and Mohamad will be His Excellency Dr. Fadhel Safar Ali Safar, Shk.
Fahad Al Sabah , Chairman , Al Thurya Co, United Nations PPP, Mena Infrastructure Fund,
International Road Federation, Gulf Consult, Kharafi National, ASAR, and Al Tamimi &
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For more information about Infrastructure Investment Kuwait please visit
http://www.infrastructurekuwait.com or alternatively contact: Eleanor Head, Marketing
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SOURCE IQPC Middle East