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238920
Sun, 05/06/2012 - 12:33
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http://m.oananews.org//node/238920
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Qatar Allocates $20 Billion to Upgrade Road Network
Doha, May 06 (QNA) - Qatar has allocated $20 billion that will be spent over the next five years to upgrade the country s road network, according to a new report.
Of these, roads planned or projects underway in the country total $18 billion, Commercialbank Capital said in its first report on "Qatar Construction Sector", cited by the Qatari daily (Gulf News).
The total planned or projects underway in the GCC countries are valued at about $128 billion, it said.
In the GCC region, Qatar was the "most active" roads market in 2011 with the Public Works Authority (Ashghal) awarding $2.3 billion worth of contracts last year, according to the report.
"The investment in Qatar s road sector is set to continue with Ashghal planning new roads in the country. We believe the execution of new roads will be important to reduce traffic congestion," said Commercialbank Capital.
The major upgrades in roads infrastructure were undertaken even before the country won the bid to host the FIFA World Cup 2022.
The development of the roads network is essential for the overall infrastructure development of the country. The preparation for the World Cup 2022 will also speed up the process of construction of roads to ensure decrease in traffic congestion, an increase in regional accessibility and minimize the environmental impact of the transportation network.
Qatar is likely to see the announcement of $7.8 billion worth of projects over the next two years, the report said. The country is expected to finish its planned roads network by 2016-end, well ahead of the FIFA World Cup 2022.
According to Commercialbank Capital estimates, the total size of the road and bridges market in Qatar will be $26.5 billion at the end of 2020.
"We believe new projects will be announced in line with the rising population as well as the trend to own cars in the region resulting in further upgrades in the country s infrastructure," said Commercialbank Capital.
The government s $20 billion plan includes investments in improving its sewage networks. Projects worth $362 million have been awarded in 2011 for improving sewage networks around Doha.
The Doha North Sewerage Treatment and Associated Works Project is a $2.2 billion four-part expansion. The improvement in sewerage networks at the Doha North Project is important as it is likely to witness increase in flows.
Doha North will witness projects such as Lusail, the Pearl and Gharaffa, West Bay, as well as alleviate some of the pressure placed on the existing Doha West Sewerage Treatment Works (STW).
Three major road projects that are underway further substantiate the five-year plan to upgrade the road network of the country, the report said.
The Doha Expressway, under construction, is valued at $2 billion. The Dukhan Highway, also under construction, has been valued at $275 million and the largest proposed project the Lusail Highway that is being tendered has been valued at a significant $687 million. (QNA)