Khartoum welcomes BOO wastewater scheme

02 December 2005
Construction work has started on the country's first build-operate-own (BOO) wastewater project. SIC Investment Holding, a subsidiary ofLebanon's EBD Group, heads the project company, Sudanese International Company for Water & Wastewater Works (SICWWW), which will build a 120,000-cubic-metre-a-day wastewater treatment plant, a 500-kilometre sewage network and pumping stations in Khartoum. The shareholders include EBD Group, which is the technical adviser, and the Planning & Public Utilities Ministry, the project promoter.

SICWWW will operate the wastewater network for 25 years. EBD subsidiary EBD Overseaswill carry out the construction work on the BOO scheme, which will take three years to complete. Turkey's 3-B Planis the designer and construction supervisor consultant.

The $100 million project is being financed on a 60:40 debt/equity basis. SIC Investment Holding will be responsible for the 60 per cent foreign investment equity portion and the ministry for the remainder. The debt has been arranged in a number of packages through local and regional financial institutions.

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