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Hyundai Engineering-Led Group Bids $2.6 Billion for Kuwaiti Bridge Project

A group led by Hyundai Engineering & Construction Co. made the lowest bid to design, build, operate and maintain a bridge in Kuwait, one of the country’s biggest infrastructure projects, the Central Tenders Committee said.

The group offered to carry out the project to build the Jaber Al-Ahmad bridge for 738.8 million dinars ($2.6 billion), the committee announced on its website today.

Competing bidders for the project included Saudi Binladin Group with 805 million dinars, and Australia’s Leighton Holdings Ltd. with 807.3 million dinars, the state news agency KUNA reported today. The government will study the offers and make recommendations, according to KUNA.

The bridge will span 37 kilometers (23 miles), mostly across water, and take five years to build, Hussein Mansour, assistant undersecretary for road affairs at the Public Works Ministry, told a conference today in Kuwait. The causeway will link the mainland to Subbiya in the north, where a Silk City is planned as part of a 30.8 billion-dinar development project.

By

Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net

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