| Work Detail |
Bahrain’s King Fahd Causeway Authority (KFCA) is inviting bids from transaction advisory services consultants to implement the transition phase of the 25km King Hamad Causeway project.
Under the tender, KFCA said, the transaction advisor will take the form of consortium, made up of a legal, technical, and financial advisors. The latter will act as the consortium leader and should be a "recognised international financial consultancy firm" with “proven experience in accomplishing public-private partnership (PPP) financial close for major transportation projects worldwide".
READ: Saudi, Bahrain say King Hamad Causeway tender to open soon
The company must also be a registered corporate in either Saudi Arabia or Bahrain, with international bidders required to submit a commitment letter to complete the required registration within 180 days of the award notification date.
As stipulated in a separate tender qualification document, the financial advisor must have advised on a minimum of three PPP projects in the last five years. In one instance, it must have acted as a government advisor, with work on a “major infrastructure project” also required.
KFCA said 21 February 2019 is the deadline submission date, adding that a minimum of 2% bid bond valid for 90 days from the tender submission date must also be provided.
READ: Saudi, Bahrain say King Hamad Causeway tender to open soon
The news comes just four weeks after Saudi and Bahraini Government officials announced that a tender for consultancy services to manage the transition phase of the project would be issued imminently, as reported by Construction Week last month.
Work on the bridge, estimated to cost between $3bn (BHD1.1bn; SAR11.2bn) and $4bn (BHD1.5bn; SAR15bn), will start in mid-2021 and take approximately three years to complete.
A preliminary economic feasibility study and initial design work for the project has been completed, paving the way for its implementation phase. |
