ACCIONA together with its local partners Tawzea and Tamasuk has closed green loans totaling US$480 million for three independent sewage treatment plants (ISTPs) in Saudi Arabia namely Tabuk-2 ISTP, Buraydah-2 ISTP and Madinah-3 ISTP. 

The financing syndicate for PPPs includes local, regional, and international lenders.  The financing structure incorporates an Islamic tranche for 60% of the value of the loans structured as an Ijara Facility, or Islamic leasing. Investors and financial institutions are increasingly allocating capital to green infrastructure projects such as water treatment plants.

The Project Companies have developed a Green Loan Framework in accordance with Green Loan Principles 2021 of the Loan Market Association, the Asia Pacific Loan Market Association, and the Loan Syndications & Trading Associations. Under this framework, the green loans will finance expenditures related to the wastewater treatment projects.