Kuwait's $7 billion metro rail project is back on track after plans to proceed to the next stage were approved, Motlaq Al-Sanea, the director of Kuwait Authority for Partnership Projects (KAPP), said on Sunday.
Al Sanea said that plans to carry out the Kuwait Metro Rail Project have been approved, Kuwait News Agency said, quoting an interview Al-Rai newspaper.
In the interview, Al-Sanea confirmed that KAPP completed the feasibility study for the project, as well as the tender process for public bidding.
Regarding finance for the project from the foreign banks, Al-Sanea said that they have set conditions that exceed demands by the foreign partner. He said these legal conditions, which relate to energy projects, do not fit the requirements of the state Fatwa and Legislation Department. He added that plans have been put in place for talks with the banks and investors.
The 160 kilometre system, due to be built over five phases, is expected to include 68 stations, 60 percent of which will be underground.For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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