Egypts PPP Central Unit has received bids from developers for its Nile River Bus Ferry public-private partnership (PPP), according to sources close to the scheme.
It is unclear how many developers have submitted bids, but earlier this year MEED reported that local and international companies interested in the project include the UAEs Mubadala Infrastructure Partners, UK consultants Mott MacDonald, shipping line P&O and South Koreas SK Engineering & Construction.
The UKs EY is the transaction and financial adviser for the project. Other advisers to the PPP Central Unit, the General Transportation Authorisation in Cairo and Cairo Governorate are: Eversheds (UK), WSP PB (UK), Arab Legal Consultants (local) and Dorsch Gruppe (Germany).
This is Egypts first transport PPP project, with other transport investment being funded by development banks.
The contract involves financing, developing, operating and maintaining the freight and passenger transport service for 25 years.
The service currently has nine boats and 16 terminals in a poor condition.
The work involves procuring and operating 30 boats. The original 16 terminals will be rehabilitated, and 14 new ones designed and built.