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Red Sea Project

PMF advises KSA Red Sea Project on Waste Management Engineering

March 26, 2021 PMF / / / / / / / / / / / / / /

Technical consultancy group formed by Sergent & Landry, the giant US power engineering company, together with PMF and UAE-based Sustainable Water Power Consultants (SPWC), has been awarded by ACWA Power the role of Owner Engineers for utilities’ infrastructures of Red Sea Project, the luxury tourism development on the Red Sea coast of Saudi Arabia.

The group will provide ACWA Power with required engineering services during design and construction, comprehensive of technical coordination, supervision, review and approval for a wide range of utility infrastructures, ranging from power generation (mostly relying on renewables) to water desalination, wastewater treatment and solid waste management.

PMF will be entrusted with design review and technical consultancy of the whole waste management cycle, from collection system to refuse disposal, recycling techniques and required plants construction to ensure zero-waste goal and carbon-neutral environment.

Red Sea Project, located along KSA shores, aims at being one of the most advanced and attractive tourist facilities in the Gulf area. made initially by 3,000 hotel rooms (to be extended up to 8,000), 7,500 m2 of retail, F&B and cultural buildings, a full-scale water park and other amenities, immersed in a pristine coastline of unparalleled environmental value. Project’s construction is set to commence on next 2022 and last until 2030, when Phase 2 will be fully completed. Visitors are expected to raise from 300.000/year initially to 1 million/year when the development will be fully operational.

Learn more about www.piemef.com.

Cura Resort

PMF designs KPIs for Merano Healthcare Center PPP

January 5, 2021 PMF / / / / / / /

On December 30, 2020, the Autonomous Province of Bolzano (South Tirol/Alto Adige, Italy) approved the proposal of the company VEBA Invest of Bolzano, initiative’s sponsor, for construction and management in Public – Private Partnership (PPP) of Long-Term Care Center called “Cura Resort”, healthcare facility annexed to Merano Hospital. The new health infrastructure will make available 100 beds in long-term care and rehabilitation, as well as a large underground parking of 700 lots for the benefit of both the structure and the Hospital. Investment value (CAPEX) is foreseen around EUR 50 million, whereas concession’s duration will be 28 years.

PMF was commissioned by VEBA Invest to design Cura Resort’s Performance Control System during construction and operation, as well as to draw up a complete set of KPIs (Key Performance Indicators).

KPIs system defines the minimum quality standards according to which contractual services of a PPP should be provided, in compliance to rules set out by Eurostat and EPEC aimed to ensure a satisfactory transfer of risk to concessionaires even in public availability-based operations. Even in case of concessions’ repayment fully assured by Public Entity’s regular payments, concessionaire’s performance should be accurately assessed and penalties in case of operator’s underperformance should be levied. Since the publication of Eurostat’s 2016 guidelines, the presence of KPIs as part of concession’s contractual documentation has been a fundamental and indispensable requirement in any PPP operation.

With this transaction, PMF strengthens its position as VEBA Invest preferred advisor for performance control systems and KPIs in their PPP initiatives.

To date, PPP projects prepared by VEBA Invest with PMF support exceed 100 million Euros of capital investments.

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Health Innovation

PMF joins Markas for South Tyrol’s hospital Facility Management landmark project in PPP

November 4, 2020 PMF / / / / / / /

Markas GmbH, leading company in healthcare facility management with offices in Italy, Germany and Austria, has commissioned PMF to prepare the performance control system and KPIs as part of a proposal of hospital IT control system, to be submitted as PPP to the Health Authority of the Autonomous Province of Alto Adige/South Tyrol.

The concession will last for 15 years, with an investment value of around EUR 5 million. PMF joins the team formed by Markas for proposal’s preparation composed by, apart from Markas itself, FMPool for IT systems, SINLOC Sistema Iniziative Locali SpA as financial advisor and Thurin, Vinatzer, Zeller & Partner Law Firm for legal aspects. Financial Plan is endorsed by Südtiroler Sparkasse.

Learn more about on www.piemef.com.