Water

There is large-scale neglect with respect to the maintenance of existing water infrastructure and general under investment in new infrastructure.

In 2008 the African Development Bank indicated that Africa would need to spend up to $15 billion on water infrastructure annually to meet its development needs, but this has not occurred.

GAIA believes that water-related infrastructure development is a mature market with conventional equipment and operating systems, yielding a long-term low-risk investment with predictable cash flows. Opportunities originate through new generation capacity and replacement capacity, and in secondaries refinancing.