Saudi Water Partnership Company (SWPC) announced that it has received the Bidders Proposals for the development of Rayis – Rabigh Independent Water Transmission Pipeline (IWTP) project.
Following consortiums has submitted the proposals:
- Nesma Company and Abdul Aziz Al Ajlan Sons Co. for Commercial & Real Estate Investment – Ajlan & Bros and Mutlaq Al-Ghowairi Contracting Company and Buhur for Investment Company.
- Cobra Instalaciones y Servicios, S.A. and Alkhorayef Water and Power Technologies and Orascom Construction.
- Vision International Investment Company and TAQA and Gulf Investment Corporation G.S.C.
The project involves the construction of water transmission pipeline of capacity up to 500,000 cubic meters per day, and lengths of 150 km.
As per the earlier 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).
The PCOD of the Project is expected in fourth Quarter of 2025.
1 Trackback / Pingback
Comments are closed.