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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