ACCIONA recognised in the PFI Awards

ACCIONA recognised in the PFI Awards

- INTERNATIONAL PRESTIGE: The project, awarded to the company last year, won in the “PPP Deal of the Year in the Middle East and Asia” category.

ACCIONA has been recognised for a further year in the PFI Awards, one of the most prestigious in the sector, awarded by Project Finance International magazine.

ACCIONA won in the “PPP Deal of the Year in the Middle East and Asia” category for the contract to finance, build and operate (for 25 years) three wastewater treatment plants in Saudi Arabia. The project was awarded to ACCIONA by the public Saudi Water Partnership Company (SWPC) in 2021, and the three plants included in the project are Medina-3, Tabuk-2 and Buraydah-2.

Following the construction phase, which will last for 2-3 years, the plants will handle a combined treatment capacity of 440,000 m³/day –with potential expansion up to 615,000 m³– to serve the cities of Medina, Buraydah and Tabuk. The contract represents the first Green Loan for a wastewater treatment plant (WWTP) in the MENA region, the first Project Finance deal based on the SOFR in Saudi Arabia and the first financing arrangement from a Muslim country for ACCIONA.

The prize recognises the main environmental characteristics of the project such as