Black & Veatch and Thames Water Aqua International combined to structure this integrated wastewater scheme. This unique financial structure is helping the Emirate of Ajman replace decaying septic systems, and it has eliminated raw sewage in the streets, a critical factor in boosting public health. It also provided the supporting infrastructure for the now-thriving Ajman, one of seven emirates that make up the United Arab Emirates.
This was the first private finance deal to take responsibility for the retail risk – the collection of the tariff from property owners and occupiers – in delivering wastewater services. It was also the first utility project in the Middle East to charge a full cost recovery-based tariff for delivery of wastewater management services.
By utilizing creative financing, the Emirate of Ajman now has the infrastructure needed to attract business and build a strong economy while boosting public health.