Four firms submitted offers
Kuwaits Combined Group Contracting (CGC) submitted the lowest offer for the contract to design, build and maintain roads, bridges and related facilities for the road linking the Damascus Road to the 5th Ring Road and King Faisal bin Abdulaziz Road.
CGC offered two options priced at $282.7m and $294.4m, respectively.
Both offers are lower than those offered by Afcons Infrastructure at $312.4m, Kuwait Arab Contractors ($326.6m) and First Kuwait Company ($328m).
An estimated $7.5bn of road projects are currently under execution in Kuwait, according to regional projects tracker MEED Projects.
Kuwait awarded an estimated $1.85bn-worth of road contracts January and July 2016, exceeding the total value of contracts it awarded for the full year 2015.
They include the $956m infrastructure package for the South Al-Mutlaa City, the $324m road works from Saad Al-Abdulla to Buhaith, and the $256m contract for road works from the 5th Ring Road to the 6th Ring road on Al-Ghouse Street.
Kuwait awarded $1.78bn-worth of roads contracts in 2015, the largest contract value ever awarded in a single year since 2002.
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