Neom receives wastewater PPP interest

13 February 2024
The Hidden Marina wastewater facility will utilise a build-own-operate-transfer model

 

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Companies are understood to have expressed interest in a contract to develop and operate a wastewater treatment and recycling plant in Saudi Arabia's SR1.9tn ($500bn) Neom development.

Officially known as the Hidden Marina Wastewater Recycling Plant project, the planned facility will have the capacity to treat 64,000 cubic metres a day (cm/d) of wastewater, expandable to 80,000 cm/d, according to a source close to the project.

The project includes a sludge treatment facility with a capacity of 16,600 kilograms a day.

The project will utilise a build-own-operate-transfer model, with the concession period extending 25 years from the date of operation.

Neom's energy and water subsidiary, Enowa, received expressions of interest from companies in mid-January.  It is expected to issue the request for prequalification documents next.

The planned water treatment and recycling plant is expected to reach commercial operation in 2027.

The project's first phase is expected to cost approximately SR1.3bn ($347m).

According to regional projects tracker MEED Projects, an estimated $10.7bn-worth of utility projects are under construction in Neom. Close to $22bn-worth of projects are in the pre-execution phase, excluding the renewable energy projects still in the pre-development stages and for which locations have yet to be identified.

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