KBR wins Qatar Expressway project extension

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KBR wins Qatar Expressway project extension

KBR, Inc. (NYSE: KBR) announced that it has been awarded an extension, valued in excess of $185M USD, to its program management consultant (PMC) contract for Qatar’s Expressway Program. The extension will see KBR continuing to deliver full program management capability for the next three years.

As Qatar’s Public Works Authority’s (Ashghal) program management contractor, KBR is providing management expertise on one of the biggest highway construction and upgrade projects in the world. KBR is working closely with Ashghal to create a strategic and well-coordinated network of roads to support the goals of Qatar’s National Vision 2030. The Expressway Program will provide critical road network links to key areas around the country, including industrial areas, airports, ports, residential, business and tourism districts.

Since KBR’s initial award in 2010, Qatar’s QAR 50B Expressway Program has become one of the world’s largest transport infrastructure programs and comprises 40 major projects, 900 km of new and upgraded roads, and 348 bridges and underpasses.

Qatar’s Expressway Program is designed to create new east–west and north–south links throughout the country. It will increase road capacity to meet future demands; introduce facilities for cyclists and pedestrians; create a new orbital truck route around the capital city, Doha; and support the growing social and economic development of Qatar.

As program manager to the Public Works Authority, KBR is responsible for overseeing supervision consultants, design consultants and construction contractors for this program of both new roads and road network upgrades.

“This contract extension is great recognition of the partnership we have forged with Ashghal and for the highly regarded performance of the KBR professionals who are delivering this large scale, complex program of work,” said Stuart Bradie, President and CEO of KBR, Inc. “Increasing our role in Qatar’s Expressway Program is an important part of our strategy to grow our regional Gulf business.”

Revenue associated with this contract extension is in excess of $185M USD and was booked into a backlog of unfilled orders for KBR’s Government Services Business in the first quarter of 2016.

Source: www.kbr.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.