Documents released after emirate passes new legislation
- UKs Ernst & Young lead transaction adviser
- RFQ responses expected by 3 December
- Award due by mid 2016
Dubais Roads and Transport Authority (RTA) has invited firms who had earlier expressed an interest to prequalify for the development of the Union Oasis mixed-use transit-oriented development (TOD), which will be procured using a public-private partnership (PPP) scheme.
The RTA expects responses to the RFQ by 3 December. This will be followed by the formal tendering process, with request for tenders (RFT) scheduled to be released by the second week of December and submissions expected by April 2016.
A bidder should be selected before end of May, with award due in the last week of June 2016.
UKs Ernst & Young has been appointed by the RTA as the transaction adviser. EY completed the feasibility study in 2012 and is now assisting the RTA in the tender process.
EY has teamed up with Faithful & Gould, also of the UK, as technical consultant, and with Trowers & Hamlins for legal consultancy.
The Union Oasis mixed-use project, which is to be built above the underground station where the Dubai Metro Red and Green lines meet, is a pioneering TOD project in the region. It is also the first real estate development that will be procured by Dubais Roads & Transport Authority under the emirates new public-private partnership (PPP) law, due to take effect in November.
Qatar Rail on 7 October also invited firms to bid by 30 November for the design of some 12 TODs on or adjacent to the Doha Metro stations. Unlike the Union Oasis, the Doha Metro TODs are understood to utilise traditional procurement method.
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