Sheikh Jaber highway financing deal up for parliamentary review
TDT | Manama
Email: mail@newsofbahrain.com
The Council of Representatives is set to review a proposed financing agreement for the second phase of the Sheikh Jaber Al Ahmad Al Sabah Highway during its session on Tuesday.
The agenda includes a report by the Financial and Economic Affairs Committee on a draft law approving a framework agreement between the Government of Bahrain and the Kuwait Fund for Arab Economic Development, which would contribute to financing the project through a series of loans.
The committee said the agreement allows for multiple loans to be extended over several years, supporting the project while spreading financial commitments over time. It concluded that the agreement meets constitutional requirements related to public borrowing and treaty approval.
The highway project is considered a strategic infrastructure initiative aimed at improving traffic flow and connectivity across key areas of the Kingdom.
MPs are expected to assess the financing structure during the session and decide whether the agreement should move forward through the remaining legislative stages.
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