EXCLUSIVE: Saudi Arabia selects bridge transaction advisers

30 April 2018
Saudi Arabia's Obhur Suspension bridge will link the north and south banks of Obhur Creek in north Jeddah

Saudi Arabia’s Metro Jeddah Company is understood to have appointed a team of transaction advisers for the estimated $1bn Obhur Suspension Bridge public-private partnership (PPP) project.

According to sources familiar with the scheme, a consortium of Bahrain–based GIB Capital and US/India's Synergy Consulting has been appointed as financial adviser. Global firm Dentons has been appointed legal adviser and US-based HDR as technical adviser.

Metro Jeddah Company has yet to officially confirm the contract awards.

The bridge will link the north and south banks of Obhur Creek in north Jeddah.

It will extend two kilometres across the creek and will be 74 metres wide with a maximum clearance of 51 metres. The bridge is designed to include four lanes for road traffic in each direction and a segment of the planned Jeddah Metro Orange line.

The bridge was tendered as an engineering, procurement and construction (EPC) contract in 2015. MEED understands the joint venture of Spain’s Obrascon Huarte Lain (OHL), Lebanon’s Consolidated Contractors Company and Japan’s IHI was the frontrunner for the contract.

However, the contract was not awarded and the scheme has since been converted into a PPP.

 

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