A consortium of Spain’s Acciona and the local Tawzea and Tamasuk has reached financial close for the 200,000 cubic metre a day (cm/d) Medina 3 independent sewage treatment plant (ISTP) in Saudi Arabia.
The consortium was selected as preferred bidder for the Medina 3 ISTP with a levelized water cost tariff of SR 1.2157 per cubic metre (cm). The ISTP project will require total investment of about SR 960mn ($256mn).
Last year in April, the Saudi Water Partnership Company (SWPC) had received bids from four groups for the planned Medina 3 ISTP.
The following four groups submitted bids for the scheme:
• Acciona / Tawzea / Tamasuk
• Aqualia / Alfanar / Al-Khorayef
• Metito / Mowah / Nesma
• Veolia / Albawani / HAACO
The winning developer will sign a 25-year sewage treatment agreement (STA) with SWPC. The sewage capacity will be supplied by SWPC. The STA will be supported by a credit support agreement from the Saudi government.
SWPC appointed Japan’s Sumitomo Mitsui Banking Corporation as lead and financial adviser, UK-based Atkins as technical adviser and UK legal firm DLA Piper as legal consultant for the Medina 3 ISTP.