(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)
Saudi Arabia and Bahrain agreed on a plan to build a new road and rail causeway between the two countries and they hope private firms and the state can share the costs, risks and profits.
The new connection will help ease congestion on the existing link and will seek funding from the private sector, a document about the project showed.
The King Hamad Causeway is expected to cost $4 billion to $5 billion, according to sources who attended an industry consultation event in Manama.
The existing 25 km (16 mile) King Fahd causeway between the two countries has been open since 1986 and had average daily traffic of 31,000 passengers in 2016. But that is expected to double by 2030, the document distributed…
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