The Ingenieur Vol. 65 Water Power | Page 59

●● ●● ●● ●● ●● The UNICEF/World Health Organization Joint Monitoring Programme partners with UNSGAB define ambitious and realistic targets and set objectives for drinking water “that is really safe”; The “Friends of Water Group” Steering Committee agrees to help co-ordinate Member States activities in managing water-related issues; UN processes, such as the High-Level Panel on Post-2015 agree to consider the need to develop strong water and sanitation objectives while encouraging stakeholder participation; Regional bodies, such as the African Ministers’ Council on Water (AMCOW) and the Asia-Pacific Water Forum, call for higher priority to water management, water and sanitation and the endorsement of a dedicated Global Water Goal; and Higher attention paid by stakeholders and decision makers to capacity building, including training of engineers and water managers and staff, helping countries formulate integrated plans for water resource development and protection, and to improve the sustainability of cooperation projects. Securing Sustainable Finance Financing water supply and sanitation is one of the most difficult challenges facing Governments. Despite providing a wide range of economic and social benefits, current levels of spending are far below the investments required to achieve the MDG water and sanitation targets. Achieving the current MDG targets for water and sanitation, maintaining progress in the future and realizing the human right to safe drinking water and sanitation, as well as managing wastewa­ter, require mobilizing “sustainable” financing for the sector. Even if funding derived from the 3 Ts (taxes, tariffs and transfers) were delivered at scale, it would be insufficient to cover the huge capital investment costs required in developing countries. The Board argues that there is a need to supplement such funding by access to the long-term local currency capital markets for water utilities — a proven strategy in developed countries — to bridge the WATER CRISIS The water crisis that struck Selangor and Negri Sembilan in 2014 from February to August can be traced to hot and dry climactic conditions in  Peninsular Malaysia earlier in the year. Other factors included delays relating to water infrastructure and negotiations between the Government and private water concessionaires. An earlier water crisis  occurred  in February 1998 when three  reservoirs in  the Klang Valley – the Klang Gate Dam, the Batu Dam and the Semenyih Dam, all experienced a substantial drop in water level following the  El Nino  phenomenon. The subsequent water shortage affected almost all residents in the Klang Valley causing the Government to impose water rationing. financing gap. The Board encourages the use of a range of innovative financing mechanisms that can help attract private investors, such as mechanisms that blend concessional finance with commercial finance or pooled financing facilities that support borrowing by relatively small operators at reasonable costs. The UNSGAB commits to: ●● Increasing financial and budgetar y resources across the water sector; >> Advocate whenever possible for increased political prioritization of the water and sanitation sectors, including wastewater and water resources management, to secure additional financial resources of all kinds, including those from public budgets and user fees. Special emphasis will be given to co-operation with Governments and partners such as AMCOW, Sanitation and Water for All Partnership (SWA) and Water and Sanitation for Africa (WSA). >> Collaborate with Governments, the World Bank, Regional Development Banks and other partners to identify 57