The Water Supply Investment and Property Fund (FIPAG) intends to mobilize about 250 million dollars to finance projects for the expansion and improvement of water supply in the Metropolitan Area of Maputo and the provinces of Gaza and Inhambane.
The intention was shared by Victor Tauacal, FIPAG director-general, at the closing ceremony of the institution’s National Review and Planning Meeting, held on December 5 and 6 in Maputo city.
“An investment of 180 million dollars is also in perspective in the provinces of Maputo and Cabo Delgado. We will give priority to the district of Mueda where a dam will be built to improve the water supply to Montepuez and the city of Pemba,” said the leader.
“We are only 15% short of the goal, and the perspectives are good. We have World Bank projects, which will be implemented in Pemba, Beira and Tete, and we think they will be completed next year (2023)”
The FIPAG director-general said that water supply projects, valued at about US$80 million and financed by the European Investment Bank, will be implemented in the cities of Quelimane, Beira and Chimoio.
On the other hand, regarding the activities undertaken by the company during the year 2022, Victor Tauacal considered that FIPAG’s performance was satisfactory, and that “so far 85% of the Five Year Government Plan (PQG) has been fulfilled, specifically regarding water supply”.
“We are only 15% short of meeting the target and the prospects are good. We have World Bank projects, which will be implemented in Pemba, Beira and Tete, and we think they will be completed next year (2023),” the director general pointed out.
The source emphasized that in 2023 FIPAG also hopes to consolidate the delegated management framework, in order to make the newly created commercial companies sustainable, which will now integrate the private sector in their structure.
“Companies must be self-sustainable, which means reducing losses, which is our main goal. Right now, they are around 47%, although there are some commercial companies that are already below 40%,” he stressed.
Still with regards to the sustainability of the commercial companies, Victor Tauacal appealed to the profitability of the business, as well as to the increase in the billing and collection rhythm.
“It is necessary to collect all debts (commercial, domestic and public institutions), because as we collect them, we reduce losses and increase billing. Thus, we will be making our business more profitable and we will have our own funds to invest in maintenance and repair”, emphasized the FIPAG general manager.
