Saudi Arabia’s water company Saudi Water Partnership Company (SWPC) invited last week worldwide developers to submit Expressions of Interest (EOI) for the development of the Jubail – Buraydah IWTP, an independent water transmission pipeline that is to run between Jubail and Buraydah.
The planned Jubail to Buraydah IWTP will have a transmission capacity of up to 650,000 cubic metres a day (cm/d) and a total length of 603km.
Through the Independent Water Transmission Pipeline (“IWTP”) program, the Saudi Government aims to achieve the aforementioned goals, by developing the necessary potable Water Transmission Systems (WTS) network comprising of pipelines and interim/terminal storage facilities to provide critical connectivity between the consumption centers and the upcoming desalination plants.
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”). According to the company’s press note, “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”.
Developers interested in participating in the tender process are to express their interest by 21 November 2021.
