Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: October 18, 2008

Project Name: Jeddah Islamic Port (Privatization Program)
Year in Operation: 2000
Sector: Transportation
Subsector: Port, Transportation Terminal
Status: In Operation
Type: Repositioning of Existing Facility
Description: Collection of ten (10) different long term design-build-operate-maintain projects within an overall program of port privatization at the Jeddah Islamic Port.
Delivery Method as described in the country where it's located: Privatization
Is the project still active: Yes
Comments: Largest of six Saudi ports privatized by the Saudi Ports Authority between 1997 and 2000. Bulk Cargo, Ro0Ro and Passenger Cargo, Cold Store Terminal, Northern Container Terminal, King Fahd Ship Repair Yard, Southern General Cargo and Livestock Temrinal, Northern General Cargo, Marine Services, Southern Container Terminal, and Re-Export Zone.

Project Locations

Address:
City: Jeddah
State:
Country: Saudi Arabia, Kingdom of

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Government already owned the land.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Cash Flow generated by the various operators of port facilities collect all revenues, pay competitively determined portion of gross revenues to the Saudi Ports Authority. Concession range from 10 to 20 years in length, and include commitments by the private sector to provide specified capital and operating improvements over the term.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Combination of private sector debt and equity.

Checkbox Checked

From Producers as Equity: Combination of private sector debt and equity.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? Yes
Project Finance Method: All By Private Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
0
0
Forms
Description
Other
Generated by Saudi Ports Authority. 

Project Value (If and As Known)

Date of Estimated Project Value: January 1, 2001
Project Value
Hard Cost
Hard & Soft Costs
Total
$500 Million - 2 Billion US
$500 Million - 2 Billion US

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