Quest Water Global Announces Major Partnership for Clean Water Access
Vancouver, Canada - Quest Water Global, Inc. (OTCID: QWTR) has embarked on an exciting new journey by establishing a strategic partnership with the National Office for Rural Hydraulics (ONHR) in the Democratic Republic of Congo (DRC). This collaboration is set to revolutionize access to clean water for millions in underserved communities.
Historic Agreement to Improve Water Quality for Millions
This 10-year public-private partnership aims to provide affordable and sustainable water solutions to approximately 1.5 to 1.8 million people in rural and peri-urban areas across the DRC. Together with the AQUAtap Oasis Partnership SARL, Quest is poised to accelerate its growth in the region and make a significant positive impact.
Project Goals and Implementation Plans
Under this agreement, Quest is set to manufacture and install 300 AQUAtap Community Water Centers in the next five years. These centers will be strategically located in areas lacking adequate infrastructure, specifically in provinces such as Kinshasa, Kasai, Bas-Congo, Haut-Katanga, and Lualaba. The initiative will be based on a Design-Build-Finance-Operate-Transfer model, ensuring a comprehensive approach to development.
Empowering Local Communities and Creating Jobs
Isaac Kalonji Jr. III, COO of Quest, expressed enthusiasm about collaborating with ONHR, stating, "This project not only reflects our commitment to advancing rural development but also aims to bring measurable socioeconomic benefits to the region. We anticipate that this partnership will foster innovation and enhance public services to those in need."
Through this collaboration, job opportunities will be created for local residents, providing engagement in various activities like site surveys, installation, system operations, and maintenance. Quest plans to initially build the water systems in South Africa, with future plans to establish a fabrication facility in Kinshasa. Additionally, the partnership with CLEAN International will enhance community education in Water, Sanitation, and Hygiene (WASH).
Financial Commitment and Revenue Share Model
To contribute to this impactful project, Quest will invest $30 million over the duration of the initiative, funding the development of the 300 AQUAtap systems. The revenue generated from the project will be shared, with ONHR receiving 40% and Quest attaining 60%. This arrangement aligns with their goal to create sustainable solutions while ensuring that local authorities have the necessary framework to support the initiatives effectively.
Ensuring Safety and Compliance
ONHR will play a crucial role by providing necessary permits for installations, along with administrative support and tax exemptions for Quest’s technology imports. They will also secure the installed systems and conduct water quality tests, ensuring that all initiatives comply with local health standards.
About Quest Water Global, Inc.
Quest Water Global, Inc. is dedicated to delivering innovative and socially responsible water solutions. The company's mission is grounded in providing sustainable sources of drinking water to underserved communities. Employing a market-driven Build-Own-Operate model, Quest is committed to achieving positive financial, social, and environmental outcomes. More information on their initiatives can be found on their website at www.questwaterglobal.com.
Frequently Asked Questions
What is the objective of Quest Water Global's partnership with ONHR?
The partnership aims to provide affordable and clean water solutions to 1.5 to 1.8 million people in underserved areas of the DRC over the span of 10 years.
How many AQUAtap Community Water Centers will be installed?
Quest plans to manufacture and install a total of 300 AQUAtap Community Water Centers within five years.
What role will ONHR play in this partnership?
ONHR will provide necessary permits, administrative support, and security for the installed systems while conducting water quality tests to ensure health standards are met.
What is the financial commitment made by Quest Water Global?
Quest Water Global has committed to contributing $30 million to fund the development of the AQUAtap systems within the project duration.
How does Quest Water Global ensure compliance with local standards?
Quest, in collaboration with ONHR, will conduct regular water quality tests to ensure compliance with local health standards and maintain operational safety.
