Management agreement signed with Saudi Arabia’s new water transmission company
The Water Transportation and Technology Company (WTTCO) will be responsible for securing $16bn of private investment to expand Saudi Arabia’s water transmission network
The newly established Water Transportation and Technology Company (WTTCO) in Saudi Arabia has signed a management service agreement with the Saline Water Conversion Corporation (SWCC), the kingdom’s desalination provider.
The deal was signed between the two entities on 31 January.
The WTTCO was established in November to lead the programme to expand the country’s water pipeline infrastructure through investment from the private sector. The new company will be responsible for more than 8,400km of existing transmission, distribution and water storage systems, which will handle 7 million cubic metres a day (cm/d) of desalinated water.
WTCCO will also be responsible for partnering with the private sector to deliver 3,500 kilometres of new water transmission lines that will distribute more than 4 million cubic metres a day of desalinated water, requiring a total investment of $16bn.
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