Global listed infrastructure fund manager RARE Infrastructure is continuing its partnership with international non-profit organisation WaterAid by funding the development of infrastructure projects in East Timor.
The project will provide tanks, water supply systems and underground pipelines to bring clean and safe drinking water to communities, construct household toilets, and fund hygiene and gender equality education.
RARE co-chief executive Nick Langley said the company believes access to safe water is a fundamental human right, and that infrastructure is a means to support poverty reduction and increase the standard of living.
"This is why we are committed to our long-term partnership with WaterAid to fund sustainable infrastructure projects," he said.
According to the WHO/UNICEF Joint Monitoring Programme Report 2017, about 844 million people globally do not have access to clean water.
RARE will also continue its partnership with Red Cross Unity through the provision of funding for short-term infrastructure projects such as water treatment plants to communities shaken by natural disaster or displaced due to conflict or war.
"The very essence of what we do is invest in quality infrastructure [projects] which are essential services to society," Langley said.
"Through our support of WaterAid and Red Cross I am confident that we can profoundly improve the way of life for people in less developed parts of the world."