Franceys-2711.pdf (424.02 kB)
Financing access to improved water and sanitation, Public Works Loans Board, UK
conference contribution
posted on 2018-02-12, 15:11 authored by Richard FranceysThe challenge of funding the SDG’s has led to considerable interest in ‘innovative financing’. This paper
reports on an analysis of sector lending, capital expenditure, and resulting, consumer paid, interest rates,
during the rapid expansion of water and sewerage services in England and Wales over a 150 year
period. Government minimised the cost to consumers by establishing a Public Works Loans Board
(PWLB) which on-lent national borrowing to local municipal service providers at the lowest possible
interest rate so as to accelerate access to improved services. With the cost of achieving basic WASH
services for all now estimated at $28.4bn per year (Hutton & Varughese, 2016) and tariffs and taxes
being insufficient to meet the needs, repayable finance becomes critical to achieve the desired SDG
benefits. PWLB long-term average ‘real’ interest rates of 1.95% (5% nominal) made a significant
difference to affordability in Britain as compared to some present ‘innovative financing’ reports of 15-
20% per year nominal interest costs.
History
School
- Architecture, Building and Civil Engineering
Research Unit
- Water, Engineering and Development Centre (WEDC)
Published in
WEDC ConferenceCitation
FRANCEYS, R., 2017. Financing access to improved water and sanitation, Public Works Loans Board, UK. IN: Shaw, R.J. (ed). Local action with international cooperation to improve and sustain water, sanitation and hygiene (WASH) services: Proceedings of the 40th WEDC International Conference, Loughborough, UK, 24-28 July 2017, Paper 2711, 6pp.Publisher
© WEDC, Loughborough UniversityVersion
- VoR (Version of Record)
Publisher statement
This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/Publication date
2017Notes
This is a conference paper.Other identifier
WEDC_ID:22663Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC