New Company WaterConnect to Develop Climate-Resilient Water and Sanitation Infrastructure
August 06 2024 - 8:00PM
WaterConnect, a new initiative of global nonprofit Water.org,
announces its public launch today. WaterConnect aims to bridge the
critical investment gap in water and sanitation infrastructure
within emerging markets. The new venture is dedicated to developing
investment-ready projects that address the pressing need for water
and sanitation solutions in locations vulnerable to the effects of
climate change.
“WaterConnect represents the latest solution of Water.org in the
mission to provide safe water and sanitation for all,” said John
Moyer, President of WaterConnect. “Investment in water and
sanitation infrastructure must increase, and WaterConnect will face
this challenge head on by developing new infrastructure projects.
This initiative reflects our innovative approach to reach more
people with access to safe water and sanitation by catalyzing
investment in the sector. And by designing the infrastructure
projects for climate resilience, we can ensure lasting impacts in
the face of climate change.”
Bridging the infrastructure investment gap in emerging
markets
Capital remains the greatest barrier to solving the global water
crisis. Investors are hesitant to invest in early-stage water and
sanitation infrastructure projects due to the risks and
complexities of project development, which leads to a shortage of
investment-ready assets.
WaterConnect seeks to address this gap by sharing project
development costs and risks with partners to develop a bankable
pipeline of well-prepared climate-resilient water and sanitation
infrastructure projects. The focus will be on projects that
increase access to water and sanitation services, improve
freshwater quality, or address water scarcity, all of which enhance
resilience to climate change.
WaterConnect will partner with the private sector including
infrastructure developers, utilities, engineering firms, and
equipment suppliers operating in low- and middle-income countries
across Africa, Asia, and Latin America. Priority markets include
Brazil, India, Indonesia, Mexico, the Philippines, and South Africa
among others. WaterConnect will work across the water value chain
from bulk water, to distribution, to wastewater treatment and
reuse. Projects will serve municipal or commercial water and
sanitation needs, with a focus on sustainable water resource
management and communities vulnerable to the effects of climate
change.
A unified vision for solving the global water crisis:
Water.org, WaterEquity, WaterConnect
Water.org created asset manager WaterEquity, and now project
developer WaterConnect to achieve a unified vision of safe water
and sanitation for all. Founded by Gary White and Matt Damon, these
organizations offer a comprehensive portfolio of solutions to help
solve the global water crisis.
WaterConnect's model of partnering with the private sector
mirrors Water.org's highly successful approach of working with
private financial institutions to catalyze their water and
sanitation lending. WaterConnect’s private sector focus also
complements the efforts of other organizations to promote
investable opportunities via the public sector, ensuring that each
piece of the water financing puzzle receives due attention.
“We are excited to announce the launch
of WaterConnect, a critical initiative in our ongoing vision to
provide safe water and sanitation to everyone, everywhere,” said
Gary White, Co-founder and CEO of Water.org, WaterEquity, and
WaterConnect. “Water.org’s commitment to impact and our drive to
deliver powerful financial solutions to solve the global water
crisis has been instrumental in the creation of WaterConnect. This
launch marks a significant step in our mission to bridge the
financing gap in the water sector and redefine how we solve one of
the world’s most critical challenges.”
About WaterConnect:WaterConnect is a project development
company dedicated to creating opportunities for construction-stage
investment in climate-resilient water and sanitation infrastructure
in low- and middle-income countries. WaterConnect brings
early-stage financing and technical expertise to complement local
partners, develop new infrastructure, and deploy technology that
will impact water access, quality, and scarcity, and in turn build
climate resilience for people, cities, and watersheds.
Founded by global nonprofit, Water.org, WaterConnect is built on
decades of experience investing in water and sanitation.
For more information, visit https://waterconnectglobal.com/
Christine D'sa, Director of Market Intelligence and Communications
WaterConnect
chdsa@waterconnectglobal.com