Climate Change Resilience through South Africa’s Water Reuse Programme (“WRP”)

  • Adaptation
  • Under implementation
Date approved
13 Jul 2023
Est. completion
09 Oct 2033
ESS Category
Intermediation 2
Financing
Public sector
Entity
Development Bank of Southern Africa

Overview

South Africa is ranked as one of most vulnerable countries to climate change and, in particular, to water-related vulnerability. Accordingly, the government's National Adaptation Plan stresses the need for enhanced water efficiency as water usage already exceeds reliable yields in a time when precipitation patterns are changing for the worse and as average temperatures continue to rise. Without action, the country is projected to face a 17 per cent water deficit by 2030.

The project aims to establish and operationalise a national water reuse programme (WRP) that helps address the water scarcity issue by transforming the country’s wastewater system. By treating water as a new asset class and stimulating and activating the water reuse market, South Africa can unlock future economic growth while protecting its scarce and increasingly demanded water-resources. The funding from GCF will reduce the risk exposure of potential private financiers and municipalities by blending GCF funds with funds from private investors while providing key stakeholders with technical assistance and capacity-building.

Grants from the GCF Project Preparation Facility (PPF) supported the Accredited Entity in the development of this project's funding proposal (FP).

Result areas

Countries

Regions

Priority groups

Project timeline

  • Pipeline

    1,354 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Legal opinion on AE's Internal Approval

    • Cleared by iTAP

  • Approved

    89 days

    • Approved by GCF Board

    • FAA executed

  • Under implementation

    981 days so far

    • FAA effective

  • To be completed

    2,673 days to go

    Not started

  • Total project value $ 1.5 billion

  • Total number of beneficiaries 7.3 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 1.5 billion

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GCF-financing

2% disbursed

  • Loan USD 200,000,000
  • Grant USD 35,000,000
  • Total GCF-financing USD 235,000,000

Co-financing

  • Grant USD 2,000,000
  • Guarantee USD 50,000,000
  • Grant USD 30,000,000
  • Equity USD 200,000,000
  • Loan USD 650,000,000
  • Loan USD 150,000,000
  • Grant USD 155,000,000
  • Total co-financing USD 1,237,000,000

News and stories

Documents

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