PROJECTS: Saudi-led consortium achieves financial close for Jeddah Airport sewage treatment plant

PROJECTS: Saudi-led consortium achieves financial close for Jeddah Airport sewage treatment plant

Saudi Water Partnership Company (SWPC) and the consortium comprising Marafiq, Veolia, and Amwal AlKhaleejiah have successfully achieved the financial closing of the Jeddah Airport 2 Independent Sewage Treatment Plant [ISTP] project, consortium member Veolia said on Sunday.The project was awarded to the consortium led by Marafiq (Power and Water Utility Company for Jubail and Yanbu) under the Build, Own, Operate and Transfer (BOOT) concession model in March 2019.The Veolia press statement said the consortium has established the Jeddah Althaniya Water Company to operate the plant for its 25-year concession period.Stage one would treat 300,000 cubic metres (m3) per day and is scheduled to be commissioned by 31 January 2023, according to the statement. Stage two would add another 200,000 m3/day when the treatment plant's capacity exceeds specific utilisation rates.The total