Early 2017, R20 and EGIS launched an innovative financial mechanism to support the feasibility studies of the most promising waste projects.
The Waste Project Facilitator (WPF) opens up the pipeline of investment-ready waste projects by financing and providing expertise for feasibility studies required by investors and developers.
The Waste Project Facilitator is a partnership between:
The fields covered by the WPF
How it works
Local authorities or private developers submit their project proposals to the WPF.
The WPF accompanies applicants through a dedicated process of project qualification and, after the Board’s approval, finances feasibility studies.
Feasibility studies evaluate technical and economic feasibility and determine the conditions of success. The WPF assists the beneficiary to secure funding with its investor networks.
Once projects reach financial closing, the WPF is reimbursed with a success fee previously agreed by both parties. Success fees are re-deployed to deliver more feasibility studies, making the WPF a revolving evergreen facility.
Specific stages of the WPF
The Applicant submits a project proposal
The WPF secretariat reviews the formal application
The WPF board evaluates the request for feasibility study
Once accepted by the WPF Board, a team is sent to assess the situation on the ground and determine the TOR* of the feasibility study
* Terms Of Reference
The WPF and applicant agree on the terms and condition, and TOR*
The contract is submitted to the WPF board for signature
The WPF performs the feasibility study
The WPF helps the beneficiary set up the financing structure and secure investments that will allow the recovery of a success fee
Benefits for the Applicant
Sustainable development goals
The WPF is committed to the Sustainable Development Goals (SDGs) and will ensure a rigurous monitoring of the environmental, social and economic impact of the projects undertaken using recognized standards. Feasibility studies will seek for the most sustainable options and look for scaling up potential, thus promoting new best practices regarding waste management. The burden of managing waste can be transformed into a valuable activity creating jobs and improving the global management of resource.
A beneficial collaboration
The WPF experts and the beneficiaries work hand in hand to ensure the delivery of feasibility studies. The beneficiaries are included throughout the whole process, which ensures optimal knowledge transfer for a more successful project implementation.
The WPF reduces the risk taken by the beneficiary by bearing the financial and technical risk of the feasibility study. At a later stage, the assistance provided by the WPF in seeking investors will also maximize the chances of reaching financial close and thus effective implementation.
How to apply
01 • An official letter of feasibility study request.
02 • Project documentation
03 • A presentation of the applicant
04 • A commitment to the principles of the SGDs and the UN Global Compact.
CONTENTS OF THE project documentation
All projects should be presented with diligence.
It is strongly encouraged to include the following points in the project documentation:
- General overview of the geographical and socio-economic situation
- Current status and projections of waste streams (collection, waste composition and quantity, systems and organization in place, current performance, etc.)
- Result to be achieved with preliminary well-defined objectives of the project
- Suggested means of achieving results including land acquisition
- A preliminary financial and economic analysis as well as a clearly outlined resource estimate
- A preliminary implementation schedule
- An overview of the main challenges and risks that may be encountered
- Proposed applicant contribution to the process
Applicants should clearly differentiate known facts from reasonable hypothesis in their presentation.