PIFSS expresses its desire to invest in Jaber Bridge project

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KUWAIT CITY, July 27: The Public Institute for Social Security (PIFSS) has expressed its desire to invest in the Sheikh Jaber Bridge sites project. An informed source told the daily that the ministerial committee supervising the follow-up of the implementation of major development projects, in its meeting held on June 30, heard the testimony of the institution, regarding ways to participate in the investment project at the Sheikh Jaber Al- Ahmad Al-Sabah Causeway sites. During the meeting about the investment project at the bridge sites, the representative of the institute expressed the following:

• PIFSS is striving, through its investments, to achieve a balanced and diversified portfolio that achieves a return that contributes to financing retirement systems in the long term.

• The institute attaches great importance to the investment project at the Sheikh Jaber Al-Ahmad Bridge sites, but it has some inquiries and comments about the project. The source added that the institution’s inquiries and observations are concerning providing infrastructure services at the investment sites in the bridge (electricity, water, sewage systems, fiber-optic cables, etc.); what are the tariff rates for using electricity and water services for government companies in that project and will the bridge investment sites be offered in separate parts or as a single package that is knocked down on one side?

The source indicated that the representative of the institute explained that there will be a coordination meeting between them and the technical team specialized in the investment project at the bridge sites, during which all questions related to the project will be discussed, and the most important points related to it will be known, and then it is necessary to prepare a clear feasibility study in this regard.

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