In Arison Investments' continued effort to promote sustainable practices worldwide, Chairman and CEO Efrat Peled has leveraged her role as a member of the Clinton Global Initiative (GCI), and, in the presence of President Bill Clinton, has pledge potential partners to join Arison Investments water company, Miya, in advancing water efficiency (NRW) programs worldwide.
Initiating a US$50M public-private funding vehicle, Peled is calling on others to join forces and reduce the 30% loss of existing fresh water from undetected leaks in antiquated underground pipes. Typically these water projects are not eligible for governmental financing as they are not deemed to create a tangible asset, against which to secure financial backing.
"It's staggering that more than a third of the world's water supply is lost from municipal drinking systems. Often the most cost-effective way to prevent the loss of this non-revenue water is to repair and optimize existing networks, but this approach frequently faces enormous funding challenges. We are launching a commitment to help break this cycle of under- investment and get a critical group of partners together," said Efrat Peled , Chairman and CEO of Arison Investments and also member of the CGI Lead group.