The Saudi Water Partnership Company (SWPC) has invited developers to submit Expressions of Interest (EOI) for the Riyadh – Qassim Independent Water Transmission Pipeline (IWTP) project. The project involves the construction of a water transmission pipeline with a capacity of up to 685,000 cubic meters per day and a length of 1,392 km.
SWPC has said in a statement it will conduct a competitive process to select a company or 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), for a term of 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 are asked to express their interest to participate in the tender process no later than October 31, 2021.
This is Saudi Arabia’s third IWTP project. The first one is the Ras Mohaisen to Mecca IWTP, for which prequalification documents are expected until September 16, the second one being the Rayis to Rabigh IWTP, for which expressions of interest are expected until September 30.