Norton Rose Group advise Bahrain MoF in relation to financial close of Bahrain's first wastewater treatment PPP project
- Bahrain: Thursday, September 22 - 2011 at 12:11
- PRESS RELEASE
Norton Rose (Middle East) LLP have advised the Ministry of Finance, Bahrain in relation to all aspects of the financial close of Bahrain's first wastewater treatment PPP project. The project, which has now reached financial close, has a projected capital expenditure of $250m and includes the operation of the plant for a 27 year period.
Partner and head of the legal team advising the Ministry of Finance, Bahrain, Joanne Emerson Taqi, commented "Norton Rose is delighted to be involved with this pathfinder PPP project from feasibility to financial close. Financial close of this strategic national project is an important milestone in the development of the PPP model within the Kingdom and elsewhere within the Middle East. The achievement of financial close clearly demonstrates that the PPP model can continue to attract international lenders and sponsors into the regional marketplace."
The Norton Rose (Middle East) LLP team was led by partner Joanne Emerson Taqi with assistance from associates Hugh Murray and Catherine Johnston.
HSBC was financial adviser to the Ministry of Finance, Bahrain and Fichtner was technical adviser on this project.
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