WHAT OTHER ORGANIZATIONS ARE DOING TO ADDRESS THE NEED
While “water” is rightly a priority cause for many non-profit and non-governmental organizations, these organizations' approach has been centered on accepting individual donations to fund one-off projects. Moreover, the capital structure for funding these projects does not typically utilize debt. Accordingly, there is a capital constraint in funding larger systems which sustainably reach more people.
Most initiatives provide wells or gravity-fed pipes to villages in developing countries which support limited beneficiaries with often unsustainable solutions, despite the acute need in both rural and urban areas for piped water on premises, which are more effective, efficient, and sustainable than other water systems. In addition, maintenance is often overlooked following installation, as it is neither planned nor financially accounted for.
Planning for how to maintain water systems after they are built, both technically and financially, is essential to ensuring that communities continue to benefit long after installation.
We will collaborate with strategic partners to raise equity financing for Public-Private-Partnerships (PPPs) that deliver water infrastructure solutions throughout the world. We will also work closely with development finance institutions and export credit agencies to secure debt at attractive rates in order to leverage the impact of the investments we make.
Under the PPP structure, we will have concessions to manage the water treatment facilities for approximately 20 years which will allow us to ensure appropriate service and maintenance, while also creating jobs and building skills for people locally. Those served will pay a price they can afford, which will then be utilized to repay the debt raised as well as recover some of the initial equity of the PPP. More importantly, they will have a vested interest in the long-term viability of these projects via the human and economic impact they will have on their communities.
Project costs will vary, but our goal is to provide access to clean drinking water at an average contribution of $1 per person per year.