Transactions - DECEMBER 12, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Biwater wins $1.2b contract to provide Iraqi water infrastructure

by Andrea Waitrovich

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

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy