Advisory work on the planned $1bn public-private partnership (PPP) Obhur Suspension Bridge project in Jeddah is proceeding according to schedule, sources familiar with the scheme tell MEED.
Metro Jeddah Company, the project client, appointed a consortium of Bahrain–based GIB Capital and US/India’s Synergy Consulting as financial advisers to the project in April. Global firm Dentons and US-based HDR were appointed as legal and technical advisers, respectively.
The firms will assist Metro Jeddah Company in the procurement process, which MEED understands is expected to start soon and likely to take over a year.
Obhur Suspension Bridge will link the north and south banks of Obhur Creek in north Jeddah.
It will extend two kilometres across the creek and will be 74 metres wide with a maximum clearance of 51 metres. The bridge is designed to include four lanes for road traffic in each direction and a segment of the planned Jeddah Metro Orange Line.
The bridge was tendered as an engineering, procurement and construction (EPC) contract in 2015. MEED understands the joint venture of Spain’s Obrascon Huarte Lain (OHL), Lebanon’s Consolidated Contractors Company (CCC) and Japan’s IHI was the frontrunner for the contract.
However, the contract was not awarded and the scheme has since been converted into a PPP.
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