SWPC issued RFP for 150km Rayis – Rabigh IWTP Project

19 August 2022
SWPC issued RFP for 150km Rayis – Rabigh IWTP Project

Saudi Water Partnership Company (SWPC)  announced that the RFP for the development of Rayis – Rabigh Independent Water Transmission Pipeline (IWTP) project has been issued to Qualified Bidders.

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.