The Jubail – Buraydah Independent Water Transmission Pipeline (IWTP) project bidding process has been officially initiated by the Saudi Water Partnership Company (SWPC), according to a company statement.
A Request for Proposal (RFP) has been issued to pre-qualified bidders, marking a significant milestone in one of Saudi Arabia's most ambitious infrastructure projects.
SWPC is now seeking competitive proposals from developers or developer consortiums to undertake the project on a Build, Own, Operate, and Transfer (BOOT) basis, as stated in the company's official announcement.
This groundbreaking endeavor involves the construction of a water transmission pipeline with a capacity of up to 650,000 cubic meters per day, spanning a length of 605 kilometers.
SWPC had previously revealed that 22 companies had been pre-qualified to bid for the project, highlighting its importance and attracting top-tier industry participants.
As per the Water Transmission Agreement (WTA), the project company responsible for developing the pipeline will supply the entire transmission capacity to SWPC.
The duration of this agreement is anticipated to extend up to 35 years.
To ensure the successful project execution, SWPC's obligations under the WTA will be reinforced by a credit support agreement, executed by the Ministry of Finance on behalf of the Government of the Kingdom of Saudi Arabia, offering financial stability and reassurance to stakeholders.
Synergy Consulting IFA Inc. is serving as the Lead and Financial Adviser, Amer Al Amr Law Firm is the Legal Adviser, and Fichtner GmbH & Co. KG is the Technical Adviser, constituting a team of seasoned professionals to navigate the intricacies of the project.
The anticipated Preliminary Commercial Operation Date (PCOD) for the Jubail – Buraydah IWTP project is scheduled for the fourth quarter of 2027.