Egypt cancels 6 October plant
It is believed that the large amount of industrial wastewater found in the same system as domestic water has pushed up the cost of the project and presented technical difficulties that could not be dealt with under current terms.
Ten teams had prequalified to bid for the contract to finance, design and build the 150,000-cubic-metre-a-day 6 October wastewater treatment plant, but the request for proposals stage was disrupted last year by the Arab Spring uprisings.
Ernst & Young was financial adviser on the project.
It is believed that Egypt’s PPP Central Unit is still seeking advisers for a wastewater treatment plant at Helwan.
Earlier this year, Egypt amended its PPP legislation to get procurement of three PPPs back on track and awarded the $220m Alexandria hospital PPP in March.