In order to construct first segment of the project, as client, Persian Gulf Water Supply and Transmission Company signed a PCF (procurement, construction, and finance) contract with the contractor in 2014. Upon this contract, the contractor was responsible for procuring all of the required equipment and construct all parts of the project. Furthermore, a major portion of the responsibility for raising required funds for constructing the first segment was carried by the contractor. The contract was signed on June 7, 2014 and the contractor started early works on June 10, 2014. Once the conditions of the contract were met, it was enforced on April 20, 2016, when the contractor was notified of such an enforcement
Contract No. and communication date | 93/Q/230 dated on June 3, 3014 |
Contract subject | Procurement, purchase, manufacture, transport, construct and installation, test, start-up and 1-year pilot operation of the entire set of equipment for pumping stations, power post-distribution substations, water transmission line, and power transmission lines |
Contract term | 48 month including 36 months of construction and 12 month of operation |
Early works agreement date | June 7, 2014 |
Contract enforcement date | May 10, 2016 |
Initial contract price (IRR) | 3,530,545,999,988 IRR + 248,538,509 Euros |
Financial providers | National Development Fund / Tejarat Bank, Agriculture Bank |