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Interview with David Arison: Performance-based financing for water projects

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Over 35 percent of the drinking water produced in the region is lost in the distribution systems. David Arison, controlling shareholder of Miya and Bank Hapoalim, offers a way out. In 2012, the water company that served the city of Nassau, and the surrounding New Providence Island, was unable to meet the needs of its 250,000 clients, a major problem since that’s, roughly, 70 percent of the total population of The Bahamas. The Water and Sewage Corporation (WSC) ran a costly and inefficient production and distribution process which caused daily shut-downs, and a poor all-around service. “WSC was contemplating expansion […]
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