Saudi Water Partnership Company (SWPC) invites Expressions of Interest (EOI) for the development of Rayis – Rabigh Independent Water Transmission Pipeline (IWTP) project.
The project involves the construction of water transmission pipeline of capacity up to 900,000 cubic meters per day, and lengths of 100 km.
As per the notification, SWPC will conduct a competitive process to select a developer or developer consortium to develop the Project on a Build, Own, Operate and Transfer (BOOT) basis.
The project company developing the Project will provide the entire transmission capacity to SWPC under a Water Transmission Agreement (WTA).
The term of the WTA is expected to be up to 35 years.
SWPC’s obligations under the WTA will be supported by a credit support agreement entered into by the Ministry of Finance on behalf of the Government of the Kingdom of Saudi Arabia.
SWPC advised by Synergy Consulting IFA Inc. (as Lead and Financial Adviser), Amer Al Amr Law Firm (as Legal Adviser) and Fichtner GmbH & Co. KG (as Technical Adviser).
At present, EOI submissions date is 30 September 2021.
SWPC awarded its first water transmission line (Yanbu-Rayis) to be implemented by the Public-Private Partnership was awarded to the consortium during February 2021. (read more)
Read Also: SWPC issued RFQ for 300km Ras Mohaisen-Baha-Makkah IWTP Project
