PROJECTS: Sino-Kuwait consortium wins $290mln road deal in Kuwait

It involves roads and sewage neworks

  
An aerial view shows very little traffic on the roads of Kuwait City after the country entered virtual lockdown, following the outbreak of coronavirus, in Kuwait City, Kuwait March 16, 2020. Image used for illustrative purpose.

An aerial view shows very little traffic on the roads of Kuwait City after the country entered virtual lockdown, following the outbreak of coronavirus, in Kuwait City, Kuwait March 16, 2020. Image used for illustrative purpose.

REUTERS/Stephanie McGehee

A Chinese construction company and its local agent have won a road contract in Kuwait worth nearly 88.9 million Kuwaiti dinars ($290.6 million), the local firm has said.

The project South of Kuwait City was awarded to China First Highway Engineering and its local agent the Combined Group Contracting Company (CGCC).

In a statement published on Kuwait's bourse, CGCC said the project involves new roads, maintenance of roads, bridges and rainwater sewage networks, and other associated services in the area where King Faisal bin Abdul Aziz Rd, Damascus road and the 5th ring road are located.

CGCC gave no other details but said it expects to achieve good financial results from the project.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

#BeltandRoad #China #Kuwait #CGCC

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© ZAWYA 2020