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Jeddah - Yasmine El Tohamy - RIYADH: Abu Dhabi is seeking private sector partners for three new schools and a street lighting project.
The Abu Dhabi Investment Office (ADIO) has advertised the procurement of the schools and phase 2 of its street lighting upgrade program, WAM reported.
Potential bidders can now submit expressions of interest.
“Collaboration with the private sector is an integral part of the Abu Dhabi leadership’s vision to drive long-term economic growth in the emirate. In 2020, ADIO laid the foundations to supercharge collaboration between business and government,” said the director-general of ADIO, Tariq Bin Hendi.
The Zayed City Schools PPP project will provide three new schools with a capacity of 5,360 students in Abu Dhabi’s Zayed City.
The contract will include the design, build, finance, maintenance and transfer of three schools with a concession period of 22 years, inclusive of a construction period of 24 months and a maintenance period of 20 years.
Phase 2 of the Street Lighting LED PPP program will see approximately 140,000 of the emirate’s streetlights replaced with energy-efficient LED technology.
This will offer a 76 percent reduction in their power consumption — equivalent to cost savings of 705 million dirhams — and will be structured as a 12-year concession agreement with the Department of Municipalities and Transport (DMT).
ADIO is the central Abu Dhabi government authority with responsibility for delivering infrastructure projects through a PPP framework.
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