Sewage Treatment Agreement signed for BOOT project in Saudi Arabia
Orascom Construction PLC has announced that its consortium with Metito and MOWAH has signed a Sewage Treatment Agreement (STA) with the Water & Electricity Company (WEC) of Saudi Arabia for the Dammam West Independent Sewage Treatment Plant (ISTP).
The project will be executed on a Build-Own-Operate-Transfer (BOOT) basis and will deliver a treatment plant with an initial capacity of 200,000 m3/day, expandable to 350,000 m3/day.
This STA signature marks the start of the required steps towards a conclusion of all documentation, contracts and agreements to achieve financial close for the project.
The Orascom-Metito-MOWAH consortium was declared the preferred bidder last month. Orascom Construction will take the lead on the Engineering, Procurement and Construction (EPC) of the project.
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