- European Bank for Reconstruction and Development considering financing the port
- All three consultancy engagement deals to commence in the first quarter of 2016
London-based European Bank for Reconstruction & Development is seeking firms for three different and independent consultancy roles for a New Port Project 30km from Moroccos Nador on the Mediterranean coast.
The first consultancy contract comprises independent environment, social and technical monitoring for the port, whose submission of interests closes on 18 November. This engagement has an overall duration of 60 months with a cost estimated at $220m.
The second contract is for the the implementation of an environmental and social action plan (ESAP), which is expected to last 24 months and carries an estimated value of $485m.
The third engagement has a similar estimated cost as the second contract and comprises contract implementation and support services. The overall objective of the assignment will be to assist the client during the implementation of project-related contracts, provide advisory services to assist in meeting the works schedule, assess any requests of change or variation orders, and in providing other technical input or recommendations as may be required.
Interests for the second and third contracts close on 17 November.
All three consultancy engagements are to begin in the first quarter of 2016.
The consultancy roles are in line with the EBRDs plan to extend a loan to the Societe Nador West Med (SNWM) for the construction of the new port.
The banks loan will be used to finance basic infrastructure such as breakwater, quays and dredging, among others. The new port is envisaged to feature two container transshipment terminals, a hydrocarbon storage and transshipment terminal, a bulk terminal handling grain, minerals and coal, and will have the potential to handle other cargo types, according to the tender document relased by the EBRD last week.