{"id":85365,"date":"2025-03-25T00:00:00","date_gmt":"2025-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/25\/bahrain-secures-kwd-10-mn-from-kfaed-for-road-development\/"},"modified":"2025-03-25T00:00:00","modified_gmt":"2025-03-25T00:00:00","slug":"bahrain-secures-kwd-10-mn-from-kfaed-for-road-development","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/25\/bahrain-secures-kwd-10-mn-from-kfaed-for-road-development\/","title":{"rendered":"Bahrain secures KWD 10 mn from KFAED for road development"},"content":{"rendered":"

<\/strong>KFAED <\/strong>backs Bahraini road expansion<\/strong>: <\/strong>The Kuwait Fund for Arab Economic Development (KFAED) has inked a KWD 10 mn (c. USD 32.4 mn) loan agreement with the Bahraini government to finance the second phase of Manama\u2019s Sheikh Jaber Al Ahmad Al Sabah Avenue, KUNA<\/a> reports. The 20-year loan covers a fraction of the project\u2019s total cost \u2014 estimated at roughly KWD 152 mn (C. USD 404 mn) \u2014 and is priced at a 3% interest rate with an eight-year grace period at 24 semi-annual installments.<\/p>\n

Where\u2019s the money going? <\/strong>The funds will contribute to expanding the avenue \u2014 which connects Manama to the neighboring Southern Governorate \u2014 from three to four lanes over 11 km, as well as constructing five bridges at different intersections. The project will also widen the adjoining Salman Al Fatih Street, increasing the number of lanes to four with a length of about 2 km.<\/p>\n

The impact: <\/strong>The expansion will serve commercial, residential, and industrial areas as well as cut emissions by reducing congestion.<\/p>\n

KFAED\u2019s <\/strong>latest in the region<\/strong>: <\/strong>KFAED signed off<\/a> on a KWD 10 mn (c. USD 32 mn) loan to refurbish and upgrade a railway for transporting phosphate in Tunisia last November. The project is forecasted to be completed in 1H 2028.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funds will contribute to widening Sheikh Jaber Al Ahmad Al Sabah Avenue and the adjoining Salman Al-Fatih Street.<\/p>\n","protected":false},"author":1,"featured_media":85366,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[166],"tags":[212,165,160,135],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-bahrain","tag-debt-watch","tag-kuwait","tag-roads","wpautop","entry"],"acf":{"mongo_id":"7eec3314-9899-42ca-a700-83cd7dfc771a","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/2004.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Bahrain secures KWD 10 mn from KFAED for road development","related_issue":[85357],"teaser":"The funds will contribute to widening Sheikh Jaber Al Ahmad Al Sabah Avenue and the adjoining Salman Al-Fatih Street.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.1ca6c383-c1c4-4a2b-a6fb-65d4a383f135.mp3"},"yoast_head":"\nBahrain secures KWD 10 mn from KFAED for road development - 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