Monday, 13 August , 2018     |     649      |      +      |     

Agreement for workers city project in south Jahra is valid for 40 years

Agreement for workers city project in south Jahra is valid for 40 years : Google
  • Kuwait News

Assistant Director for Projects at Kuwait Municipality Engineer Nadia Al-Sheriadah disclosed that concession agreement of the workers city project in south Jahra is 40 years, reports Al-Qabas daily.

In a letter to the Secretary General of the Supreme Council for Planning and Development concerning plans for operating and managing strategic projects such as the workers city, Al- Sheriadah said the project is in the framework of partnership between public and private sectors based on Public Private Partnership (PPP).

She stressed the idea is to establish a modern workers city with the required services and infrastructure, in addition to an amusement park and green areas.

She added the sector is reviewing Requests for Proposal (RFP) prelude to floating of the project among the prequalified companies and contract will be signed with the winning company before Kuwait Municipality pays the cost, which will be in four tranches starting from the first year of project implementation.

She reiterated the concession period is 40 years, and the period of construction work covers three years.

Al-Sheriadah expected the contract to be signed in the last quarter of 2018, noting the revenues and expenditure will be managed by an accounting company whose services Kuwait Municipality will engage within the first three years of executing the project, indicating employees of Kuwait Municipality will be trained later to take over.

Concerning the entertainment city project at Eqaila, Al-Sheriadah stated a study is underway before the project will be fl oated to private companies in line with Law No. 116/2014 in line with the partnership between public and private sectors.

She pointed out that Kuwait Municipality will sign contracts with the winning company to finance the project to be established on State property based on Built, Operate and Transfer (BOT) system.

She also said Kuwait Municipality will supervise the project and make double sure the company fulfills all conditions of the contract.

With regard to the proposed solid waste management project at Kabad, she explained that Kuwait Municipality through Kuwait Authority for Partnership Projects has reviewed a study conducted by an international consultancy firm to establish a plant to manage solid waste by burning to generate electrical energy, noting the project meets environment criteria and the remnant ashes from the process will be buried.

She noted the project will save space needed for burying waste while serving as an alternative source of energy.

The project will be established on 500 thousand square/meters area in accordance with Law No. 116/2014 and its executive regulations, as per a decision issued by the Municipal Council on April 8, 2002.

Kuwait Today Business Subscription

Category: #Kuwait News | 2018/08/13 latest update at 7:00 AM
Source : Mena FN | Photocredit : Google
Comments Add comment

Latest Comments

  LinkedIn Gulf Media

Sponsored Publications

Related Articles

The editorial staff of Kuwait Media would like to give all of its readers from Gulf and Kuwait and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Kuwait Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Kuwait, the Gulf and the world.

Latest searches in Kuwait Today