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Doha: The total cost of Qatar-Bahrain Causeway, one of the longest bridges in the world, is likely to be in the tune of $5bn, which will be the largest amount of money spend on any causeway, said a Bahraini source.
Construction work of the causeway is expected to start before the end of 2011 and conclude in 2015. The causeway will be the most costly strategic project at world standards, said the source requesting anonymity, to Al Wasat newspaper of Bahrain.
Construction plans were delayed many times for new designs and amendments were introduced to the project. The total cost is between $ 4-5.5bn and expected to rise to $5bn to meet the cost of new designs, construction materials and other development projects, said the source of the body in charge of implementation of the project.
Qatar–Bahrain causeway is of 40km length including four vehicle lanes and two railways. Consortium of Al Diyar Real Estate Company, Vinci Grand Projects, French Contracting Company, German Hochtief Company, Consolidated Contractors International Company in Greece and Middle East Dredging Company, will be in charge of construction work, the daily said.
Qatar, rich in oil and gas, is expected to provide the bulk of the cost beside Bahrain, according to bankers. Construction works in the causeway linking Qatar to Bahrain is expected to finish in 4-5 years. The causeway starts from Askar village located in the eastern side of Bahrain Island to Ras Ishairij in Qatar.
The causeway construction will help achieve economic integration and sustainable development between the two states. More investments from Qatar in terms of real estate and stock market will be attracted to revive business and development of eastern and south-east areas in Bahrain.
Transport costs and services and commodities values will be reduced in the long run. About 4,000 vehicles are expected to pass daily through the causeway after completion and the figure is expected to rise to 12,000 by 2050.
Bahrain has run a study to assess the impact of traffic heading from Qatar. Huwar street at the north of Askar village, and Sheikh Jabber Al Ahmad Al Subah road and Sheikh Issa bin Salman road were developed in this regard.