Norton Rose Group advise Bahrain MoF in relation to financial close of Bahrain's first wastewater treatment PPP project

The project is the first wastewater treatment plant procured by the Government of Bahrain on a PPP basis and the first procured by the Ministry of Works. Norton Rose (Middle East) LLP has also advised the Ministry of Finance in Bahrain in relation to the preparation of a National Privatisation Strategy Plan for the Sanitary Engineering Affairs Department of the Ministry of Works as part of Bahrain's overall privatisation strategy and Economic Vision 2030.

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.