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Infrastructure (Economics)

WaterConnect Signs First Project Development Agreement to Advance Kenyan Water and Sanitation Project

Strategic Insights

— 2 min read

WaterConnect, the project development company founded by Water.org, has signed its first project development agreement with consortium partners to advance the Naivasha Special Economic Zone (SEZ) and Domestic Bulk Water Supply and Wastewater Project in Kenya. This milestone marks a significant step in WaterConnect's mission to address the shortage of bankable water and sanitation projects in low- and middle-income countries.

The project, a public-private partnership (PPP), aims to significantly improve water and wastewater infrastructure in Kenya, serving both domestic users and industries within the Naivasha SEZ. The scheme will deliver essential bulk water supply and wastewater treatment services under a 30-year agreement with the municipal utility. The project is expected to benefit more than 270,000 people with improved water and sanitation services, including the transition of households from water kiosks to household connections, bolstering drinking water quality, and improving surface water quality via wastewater treatment and reuse.

Key Takeaways:

  • WaterConnect has signed its first project development agreement to advance the Naivasha Special Economic Zone (SEZ) and Domestic Bulk Water Supply and Wastewater Project in Kenya, marking a significant milestone for the company.
  • The project addresses the shortage of bankable water and sanitation projects in low- and middle-income countries, bringing together early-stage financing and technical expertise to turn promising concepts into viable, investment-ready opportunities.
  • The project is a public-private partnership (PPP) that will improve water and wastewater infrastructure in Kenya, serving both domestic users and industries within the Naivasha SEZ.
  • The project is expected to benefit more than 270,000 people with improved water and sanitation services, including the transition of households from water kiosks to household connections, bolstering drinking water quality, and improving surface water quality via wastewater treatment and reuse.
  • The estimated capital expenditure for the project is EUR93 million, with the project expected to take place through the Kenyan PPP development process, including environmental and social impact assessments, feasibility studies, technical design, and financial structuring.
  • WaterConnect develops projects across the water value chain, from bulk water to wastewater treatment and reuse, working with utilities, infrastructure developers, engineering firms, and equipment suppliers in low- and middle-income countries across Africa, Asia, and Latin America.

Statistics:

  • Estimated capital expenditure for the project: EUR93 million
  • Expected benefit for more than 270,000 people with improved water and sanitation services
  • Project duration: 30-year agreement with the municipal utility
  • Project cost: estimated EUR93 million

Sources:

  • Water.org
  • WaterConnect
  • Haskoning
  • RebelGroup
  • Private Infrastructure Development Group (PIDG)
  • Africa Water Infrastructure Development Ltd. (AWID)
  • British International Investment
  • Metito
  • Kenyan PPP Directorate

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