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.
You might also like...
TotalEnergies to acquire remaining 50% SapuraOMV stake
26 April 2024
Hyundai E&C breaks ground on Jafurah gas project
26 April 2024
Abu Dhabi signs air taxi deals
26 April 2024
Spanish developer to invest in Saudi housing
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.