Kuwait listed Mushrif Trading and Contracting Company submitted the lowest price in a new Kuwaiti tender worth KWD 14 million ($46.3 million) for an infrastructure project, according to a bourse statement on Sunday.

Mushrif will carry out the construction and maintenance works for a bridge as well as other services at Al Khaleej Street, within 730 days, upon signing the tender contract with Kuwait's ministry of public works. The company has not been awarded the tender officially, yet it will disclose any correspondence when received.

Earlier, Mushrif released an announcement for a similar tender worth KWD 82.8 million.

Mushrif reported KWD 2.99 million in losses for 2014, against KWD 1.50 million in profits a year earlier.