Monday, 23 February 2015

Tabreed and MIP bags $258 million cooling services contract

Tabreed and MIP bags $258 million cooling services contract
UAE-based National Central Cooling Company, Tabreed is heading a consortium includes government-owned agency Mubadala Infrastructure Partners (MIP) has secured a concession to solely operate district cooling other services for the southern part of Al Maryah Island.

The 30-years contract award worth around $285mn (AED1.05bn), covers the new Central Business news District area, comprising Cleveland Clinic Abu Dhabi, the Galleria Mall, Sowwah Square Towers, Al Hilal Bank and the Four Seasons and Rosewood hotels. To assist financing the project, First Gulf Bank has provided a 20-year loan to the consortium.Read complete story at http://www.tendersontime.com/blog-detail/tabreed-and-mip-bags-258-million-cooling-services-contract-143.php

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