Utilities Middle East
Tendering process for Rayis - Rabigh IWTP project begins
SWPC will conduct a competitive process to select a developer or developer consortium to develop the Project on a Build, Own, Operate
Saudi Water Partnership Company (SWPC) has issued an Expression of Interest (EOI) notice for the Rayis – Rabigh Independent Water Transmission Pipeline (IWTP) project with a transmission capacity of 900,000 cubic metres per day (m3/day).
The 100-kilometre long water pipeline project is the second IWTP project to be tendered by SWPC after the 400,000 m3/day Ras Mohaisan–BahaMakkah IWTP.
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 developer will provide the entire transmission capacity to SWPC under a Water Transmission Agreement (“WTA”). 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.
Interested parties has up to 30 September to express their interest in the tender process .
“The Saudi National Water Strategy (NWS 2030), in accordance with the Saudi Vision 2030, recognizes the critical importance of ensuring sustainable development of the Kingdom’s water resources while providing affordable high-quality services,” read the statement.
“Amongst the key goals under NWS 2030 are i) to reduce the water demand supply gap in the Kingdom; and ii) to provide 90% of national urban supply by desalinated water to reduce reliance on non-renewable ground sources.”
The advisors on the project are Synergy Consulting IFA as Lead and Financial Adviser; Amer Al Amr Law Firm as Legal Adviser; and Fichtner GmbH & Co. KG as Technical Adviser.