Water bond plan targets strategic projects
Tanzanian Water Minister Jumaa Aweso has proposed a new Water Infrastructure Bond to fund strategic water projects. The initiative aims to replicate the success of the Tanga UWASA bond by diversifying financing sources for the National Water Fund.
Why it matters
Innovative financing models are increasingly critical for developing nations to address infrastructure gaps and ensure sustainable public service delivery.
DODOMA: MINISTER for water, Jumaa Aweso has proposed the introduction of a Water Infrastructure Bond to mobilise more funds for strategic water projects saying the country should adopt innovative financing models to accelerate development.
Mr Aweso made the proposal over the weekend during a working meeting with officials and staff of the National Water Fund at the institution’s offices in Dodoma.
“We have done well through the Tanga UWASA bond. Now is the time to have a Water Infrastructure Bond issued specifically to finance water projects in other areas,” Mr Aweso said.
He said the proposed bond would build on the success of the Tanga Urban Water Supply and Sanitation Authority (Tanga UWASA) bond while creating a dedicated financing instrument for expanding water infrastructure.
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