Alkhorayef and Cobra Consortium emerged as Preferred Bidder for 150km Rayis – Rabigh IWTP Project
- Date: 25-Jul-2023
- Source: Saudi Gulf Projects
- Sector:Real Estate
- Country:Saudi Arabia
Alkhorayef and Cobra Consortium emerged as Preferred Bidder for 150km Rayis – Rabigh IWTP Project
Saudi Water Partnership Company (SWPC) announced the Preferred and Reserved Bidders and their Levelized Water Transmission Costs for the development of Rayis – Rabigh Independent Water Transmission Pipeline (IWTP) project.
Preferred Bidder: Cobra Instalaciones y Servicios, S.A. – Alkhorayef Water and Power Technologies
Levelized Cost (in SAR/m3) : 1.25678
Reserved Bidder: Vision International Investment Company – TAQA – Gulf Investment Corporation G.S.C
Levelized Cost (in SAR/m3) : 1.45165
Rayis – Rabigh IWTP is considered the first of its kind that will be developed with the participation of the private sector. The project will be developed with a transmission capacity of 500,000 m3/day and a length of 150 km to provide Makkah and Madinah regions with drinking water.
As per the earlier notification, 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).
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