Saudi Water Partnership Company (SWPC) has received 31 Expressions of Interest (EOI) for the development of Rayis – Rabigh Independent Water Transmission Pipeline (IWTP) project, including 14 Saudi companies.
SWPC has also announced that the Request for Qualification (RFQ) for the Rayis – Rabigh IWTP project has been issued to the interested companies
The project entails the building of a 100-kilometer water transmission pipeline with a capacity of up to 900,000 cubic metres per day.
The project entails the building of a 100-kilometer water transmission pipeline
SWPC will hold a competitive procedure to select a developer or developer consortium to carry out the project on a Build, Own, Operate, and Transfer (BOOT) basis. The 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 of Saudi Arabia.
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