SWPC issued RFP for 150km Rayis – Rabigh IWTP Project
19 August 2022Saudi 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.
Related
-
Housing Project Launched At Kenya's Naivasha SEZ
26 April 2024
-
AD Ports Group Inks Luanda Port Concession
26 April 2024
-
Maputo BRT Feasibility Study Nears Completion
26 April 2024
-
Turner Construction wins three US university contracts
25 April 2024
-
KEPCO Surpasses 41 Trillion Won in Cumulative Overseas Sales Thanks to Nuclear Power Projects
25 April 2024
-
Uganda Seeks Loan Approval For Kitgum-Kidepo Road
25 April 2024