The Saudi Water Partnership Company (SWPC) has invited Expressions of Interest (EOI) for the development of the Ras Mohaisen-Baha-Makkah Independent Water Transmission Pipeline IWTP project.
The IWTP covers the construction of a water transmission pipeline with a capacity of maximum 400,000 cubic meters per day and measuring 300km.
In a company statement, SWPC said it would 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 company or consortia developing the project will provide the entire transmission capacity to SWPC under a Water Transmission Agreement (WTA), which can last 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.
Interested parties should express their interest to participate in the tender process by no later than 6 May 2021.
SWPC is 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).