| Work Detail |
The Water Transmission Company (WTCO) has invited Expressions of Interest (EOI) in respect of the development of the Ras Mohaisen – Baha – Makkah Independent Water Transmission System (IWTS).
WTCO is the licensed Desalinated Water Transmission System (DWTS) Operator and the entity responsible for water transmission in the Kingdom of Saudi Arabia, including the operation and maintenance of water transmission systems and storage facilities. WTCO will conduct a competitive process to select a developer or developer consortium to develop the Project on a Design, Build, Finance, Lease, and Transfer (DBFLT) basis. The project company developing the Project will lease the entire transmission capacity to WTCO under a Water Transmission Development and Lease Agreement (WTDLA). The term of the WTDLA is expected to be up to 35 years. The advisers on the Project are:
Synergy Consulting IFA Inc. as Lead and Financial Adviser;
Clifford Chance as Legal Adviser; and
ILF as Technical Adviser.
Interested parties should express their interest in participating in the tender process starting from November 6, 2024, for 10 business days. For additional details about this tender, please visit our Business Opportunity page here. |
