$7 billion Kuwait metro to be reviewed
Ernst & Young, a leading professional organisation, will deliver an overview of the top priority $7 billion Kuwait Metropolitan Rapid Transit System (KMRT) at an upcoming infrastructure investment summit in Kuwait.
The Infrastructure Investment Kuwait 2012 Summit will be held from March 25 to 28 at Crowne Plaza, Kuwait City. 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.
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 operations. During the summit Hashem Al Tabtabael of the PTB 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.