PricewaterhouseCoopers wins Kuwait hospital advisory deal

10 March 2011

The firm will have 10 months to finish feasibility study

UK consultancy firm Price Waterhouse Cooper (PwC) has won a KD509,000 ($1.8m) transaction advisory contract for a public-private (PPP) hospital in Kuwait.

Kuwait’s Partnerships Technical Bureau (PTB) signed the deal with the firm on 9 March. PwC has 10 months to finish the feasibility studies and to then procure the project to investors, says a source at the PTB. The feasibility itself is scheduled to be finished by July.

The PTB and PwC have been in talks about the project since late 2010.

The PTB has also awarded Germany’s Deutsche Bank the transaction advisory deal for five projects at Kuwait International airport (MEED 9:3:11).

The PTB is also due to appoint an adviser to oversee the development of Kuwait’s $10bn railway project. Kuwait is building the railway on a public-private partnership (PPP) basis and the transaction adviser will have to assist in structuring, procuring and negotiating the transaction. The successful adviser will also assist the PTB in planning the technical aspects of the railway, developing feasibility studies and establishing project financing.

The PTB is overseeing a total of 32 privatisation projects, which aim to raise an estimated $28bn and the projects cover sectors including transport, power and water, tourism, communications and the postal service.

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