Regional News

Kuwait seeks metro investors

01 April 2012

PARTNERSHIPS Technical Bureau in Kuwait (PTB) has invited companies to submit expression of interest (EoI) to invest in an integrated rolling stock and systems (IRS) company being developed as part of the country’s first metro project.

PTB is a government body responsible for all public-private partnerships (PPP) schemes in all sectors in the country from inception until financial closure.

The EoIs being called for the procurement of integrated rolling stock and systems PPP company is in line with the Kuwait’s ambitious and structured PPP programme.

The last date for sending the Eol is May 24, said the PTB in a statement.

The IRS company procurement is being done as part of the development of the overall Kuwait Metropolitan Rapid Transit System Project (KMRT System).

The entire project consists of 69 stations (16 per cent underground) with a total length of 160 km. PTB is currently focusing on delivering Phase One of the project, which will include the construction network of roughly 50 km, with 28 new stations, 30 per cent of which will be underground.

The other four phases will be developed and constructed in future stages over the coming years as demand grows, said the PTB statement.

According to PTB, the IRS company will be responsible for the provision and maintenance of a depot, rolling stock and control systems. This procurement is part of Phase One of the KMRT System which comprises five PPPs and one operations contract.

The integrated rolling stock and systems PPP (which the IRS company will enter into) is one of the five PPPs. The other four PPPs will be for the design, build, finance and maintain of four separate infrastructure packages, which will be procured separately. In addition, an operator contract will be procured separately by the PTB.




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