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Sun 22 Feb 2009 02:00 PM

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Oman invites tender for $965m road network

Foreign cos lined up for tender for first phase of project include India's L&T and Athens' CCC.

Oman has invited tenders for the first phase of the construction of a coastal road network estimated at $965 m, officials said on Sunday.

Foreign companies lining up for the tender for the first phase of the project include India's Larsen & Toubro and Athens based CCC, a state-run tender board official said.

The website of the Ministry of National Economy said that 33 companies, including local firms, are submitting tenders. Both phases will cover a road network of 241 kilometers.

"This is the first phase of one of the biggest road networks in Oman, the official said.

Oman has already awarded projects worth 260 million rials this year and shortlisted six foreign companies for the construction of the Muscat airport terminal building, despite a forecast budget deficit in 2009.

Last week, national economy minister Ahmed Mekki said that the government would use the surplus earned in 2008 and national reserves to finance major projects this year. (Reuters)

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