Two firms compete for Abu Rawash wastewater PPP project
Only two of the four shortlisted consortia have bid for the Abu Rawash wastewater treatment plant public private partnership (PPP) project in Egypt.
The two consortia are the following:
- a consortium composed by: Orascom Construction Industries (OCIC), Veolia and Aqualia,
- the Kuwaiti Al Kharafi
The two other shortlisted teams were the consortium formed by UAE-headquartered Metito Overseas Limited, subsidiary of Gulf Capital, PWT (Turkey) and Germany's HOCHTIEF; and the French firm Degremont.
The project consists of the design, financing, raising capacity of existing primary treatment plant from 1.2 million m3/day to 1.6 million m3/day and construction of secondary treatment stage with advanced criteria for the Abu Rawash Wastewater Treatment Plant, and the operation and maintenance of the whole plant with a capacity of 1.6 million m3/day.
The total project investmnet is estimated at EGP5 billion (US$655.8 million). The project is expected to be financed through a bridge loan worth EGP1 billion and another 15-year loan worth EGP4 billion.
Egyptian President Abdel Fattah el-Sisi has recently announced that his government has plans to develop mechanisms to increase cooperation between the public and private sectors to deliver major infrastructure projects. Al-Sisi also mentioned that the government is working on reforming the laws that organise the public and private sectors, anti-corruptions laws and the pensions system.
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