Mozambique’s Water Supply Investment and Equity Fund (FIPAG), the country’s leading water supplier, will invest 1.8 billion U.S. dollars to increase the coverage of water supply in all of the country’s urban centers, said FIPAG’s Director Victor Taucale on Monday.
The goal is to have the company’s services reach four to five million people in all major cities by 2030, according to Taucale who spoke to a press conference in the capital city Maputo.
“We think that by 2030 it is possible to achieve universal water supply target at 100 percent for the urban population,” he said, adding that another project underway is to reduce water losses from 47 percent to 30 percent by 2024.
With the reduction of losses, we can have more water availability, and more income for our financial capacity said Taucale.
The government hopes that in about 10 years it will be able to mobilize sufficient resources for the purpose with the support of its partners.