Biwater wins $1.2b contract to provide Iraqi water infrastructure
British water engineering company Biwater has been awarded a $1.2 billion contract to deliver water and wastewater treatment infrastructure for the cities of Erbil and Sulaimani in the Kurdistan Region of Iraq.
Under the project, Erbil will get a state-of-the-art water treatment plant that can handle 600,000 cubic meters per day, while Sulaimani will benefit from water treatment plant upgrades and the construction of cutting-edge wastewater treatment works and sludge treatment facilities.
A loan for the development works is being financed by U.K. Export Finance. JP Morgan is acting as the facility agent and mandated lead arranger for this initial loan on behalf of U.K. Export Finance to the Kurdistan Regional Government. Development works, which will include all relevant site surveys, social and environmental impact assessments and detailed designs, will run for a period of six to 12 months before construction.
Recently, Biwater was awarded a contract