Two packages of the railroad project are structured as PPPs
Kuwait Authority for Partnership Projects (KAPP) is likely to move the scheduled release of an expression of interest (EoI) for the Kuwait National Rail Road project from the first to the second quarter of 2017, according to sources familiar with the project.
MEED reported in November last year that KAPP intends to seek interest for the project in the first quarter of 2017.
KAPP was already in the process of hiring transaction, financial, legal and technical advisers as of late last year.
The project consists of six packages that include:
- Civil works design, build, finance, and major maintenance of all infrastructure works. The public joint stock project company will have to hold an initial public offering (IPO) in accordance with Kuwaits PPP law.
- Track, rail system and a passenger station in Kuwait City design, build, finance, and maintenance structure. The public joint stock project company will have to hold an IPO in accordance with Kuwaits PPP law.
- Passenger train operating company operations and maintenance under a services contract
- Freight train operating company operations and maintenance under a services contract
- Programme manager responsible for delivery and managing interfacing
- Rolling stock this may be purchased by the Kuwaiti government or the GCC rail authority, depending on joint GCC decisions
The first two packages are understood to have been structured as public-private partnerships (PPPs).
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.