Saturday 13 September 2014

Bahrain needs to bridge its mounting debt gap | GulfNews.com

Bahrain needs to bridge its mounting debt gap | GulfNews.com:



"Bahrain’s economy is going through a phase of promises and challenges concurrently. Recent positives entail the possibility of setting up a second causeway linking it to Saudi Arabia and the construction of a brand new airport.



The adversities emerge from an ever-rising public debt mountain. Limited information is known about the plans for a new airport. However, specific details have emerged of the second intended bridge with Saudi Arabia.



By one account, the total cost of the causeway is projected at $5 billion, which is inclusive of the necessary infrastructure for an eventual train link up with fellow Gulf Cooperation Council countries. The existing King Fahd causeway is a lifeline for Bahrain’s economy, and the second should further strengthen economic prospects."



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