STICHTING WERELD WATERNET
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Stichting Wereld Waternet
What is our funding objective?
With this EUR 150k grant investment in the SOMAGEP Optimisation Programme, FMO wants to improve operational efficiency, revenue and profitability. FMO funding will be used to make a baseline assessment of utility performance and validate areas for improvement to increase opreational efficiency, revenue and profitability of SOMAGEP. If this is succesful, funding will be provided for the development of a bankable business case and procurement.
Why do we fund this investment?
This project provides access to safe and affordable drinking water, increase of water-use efficiency and expansion of international cooperation and capacity building support ot developing countries.
What is the Environmental and Social categorization rationale?
With our development capital and our involvement we ensure proper environmental, health & safety management during construction and operation of the water supply project. Specific elements taken into account are: affordability, water sourcing (water availability), right of way / land acquisition issues, environmental, health & safety management during construction and operation, need of matching sanitation. E&S risk category for this project is: B+. Applicable IFC PS: 1 (assessment and management), 2 (labor conditions), 3 (pollution and resource management), 4 (community health & safety), 5 (land acquisition and resettlement). Potentially applicable: IFC PS 6 (biodiversity). IFC PS 7 (indigenous peoples) and 8 (cultural heritage) are not expected to be triggered due to the urban location of the project. All of this will be further assessed during the project development stage.
- Website customer/investment
- https://www.waternet.nl/en/about-us/
- Region
- Africa
- Country
- Mali
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 6/21/2018
- End date
- 8/16/2019
- Total FMO financing
- EUR 0.15 MLN
- Funding
- Development Accelera