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.