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Private companies to help with Western Cape water crisis

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Some private companies say they are ready to step in and help with the funding, development and maintenance of infrastructure to help ease the water crisis in areas such as the Western Cape.

The investment company GAIA says it understands that government budgets are already under pressure and cannot cope with the demand for new infrastructure projects.

Chief Investment Officer, Mich Niewoudt says the private sector can help bridge the funding gap to finance the management of water and sanitation infrastructure.

“The private sector funders of infrastructure are standing ready to fund water infrastructure in the Western Cape and that can stretch from maintenance and projects to augmentation to waste water recycling. It’s the policy certainty, the off pay guarantee and then the setting of consumption standards that are probably the biggest inhibitor to investments,” says Niewoudt.

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