Friday, February 15, 2013

Kuwait's new bridge to infrastructure growth


Freight trucks trundle down the dusty, potholed roads of Kuwait's busiest port, running into traffic jams as they emerge into the surrounding streets. But after years of inaction, the government is finally moving to ease the congestion.

It is pushing ahead with a $2.6 billion plan to build a 36 km (22 mile) causeway, one of the longest in the world, connecting Shuwaikh port and densely populated southern Kuwait with the north of the country, near the Iraqi border.

Such big projects were stalled for years by political wrangling and bureaucratic inertia, leaving Kuwait with underdeveloped infrastructure and low levels of foreign investment in relation to its huge oil wealth.

In the last few months, however, authorities have begun issuing contracts for some of the projects, raising hopes that one of the region's most under-performing economies may finally live up to its potential.

The government signed a contract with South Korea's Hyundai Engineering and Construction Co in November to design and build the causeway over the next five years. Construction is due to start later this year.     


Read more: http://www.gulfbase.com/news/kuwait-s-new-bridge-to-infrastructure-growth/229309

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