Saudi Arabia’s Saudi Water Partnerships Company (SWPC) has invited firms and consortia to send their expressions of interest (EOIs) for the construction of two independent strategic water reservoir projects with a total ultimate treatment capacity of 4.9 million cubic meters per day, reports Trade Arabia.
The two water reservoirs are to be built in Al Ahsa and Eastern Province. The Al Ahsa Independent Strategic Water Reservoir will boast a water storage capacity of 1.4 million cubic meters. Meanwhile, the Eastern Province Independent Strategic Water Reservoir will be constructed with an indicative water storage capacity of 3.51 million cubic meters. The project will also include the reservoir’s associated infrastructure and facilities.
A statement by SWPC highlighted that these projects are in accordance with the Saudi Vision 2030 and the National Water Strategy 2030. The two water reservoirs will improve the water sector’s resilience and its ability to respond to emergencies and disruptions as well as to provide peak load management of water demand.
According to the company, it will conduct a competitive process to select a private sector developer or consortia for the funding, procurement, implementation, operation, maintenance and transfer (Boot) of the project. Companies have until the 6th of January, 2022 to submit their EOIs.
Under a 30-year water storage agreement, the chosen company will provide the required storage capacity to SWPC under a 30-year water storage agreement.
Synergy Consulting IFA is the lead and financial advisor for these two projects; Amer Al Amr Law Firm the legal advisor and WSP Middle East Limited the technical advisor.