Alkhorayef and Cobra Consortium emerged as Preferred Bidder for 150km Rayis – Rabigh IWTP Project

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