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The Abu Dhabi Investment Office (ADIO) is planning to procure projects in three sectors under public-private partnership (PPP) model.
Mohamed Al Dhaheri, ADIO’s Head of Infrastructure Partnerships said during a webinar that the organization has identified PPP projects in the municipal, transportation and education sectors.
ADIO, which promotes private sector investments in the emirate, has started work on Phase 2 of the Noor Abu Dhabi LED Street Lighting Project, and a car park project.
“ADIO concluded [Noor Abu Dhabi] LED Phase 1 and is working on Phase 2, and there might be more phases on the way. We are also working on a car park PPP,” said Al Dhaheri.
The Noor Abu Dhabi LED Project involves the replacement of HPS/MS streetlights in Abu Dhabi Island with energy-efficient LEDs.
The Phase 2 launch last month followed the commercial closure in September 2020 of Phase 1, which was awarded to Abu Dhabi-based Tatweer Middle East and Africa. The project’s replacement target of approximately 140,000 streetlights is three times bigger than the Phase 1 target.
Al Dhaheri said in the transportation sector, ADIO is working with the Department of Municipalities and Transport in identifying different road projects that can be bundled or put together into PPP projects.
“In the education sector, we are working with ADEK (Department of Education and Knowledge) in developing the first PPP school project,” he disclosed.
ADIO has also launched a Partnership Projects Guidebook to help developers, investors and financiers assess, bid and execute infrastructure projects in Abu Dhabi under the PPP model, he concluded.
(Writing by Anoop Menon; Editing by Seban Scaria)
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