K&M served as project development consultants to the project sponsor, OMI, Inc., for a private bulk water supply project in the Province of Cavité, Philippines. The system, serving approximately 500,000 people, included of a 125,000 m3/day surface water treatment plant as well as associated works, including the water intake system, transmission lines and reservoirs. K&M’s scope of services included structuring the project’s commercial arrangements, undertaking detailed financial modeling and risk analysis activities, and mobilizing debt and equity financing for the project. As part of this assignment, K&M prepared a comprehensive financial and economic analysis of the Project. The analysis provided an indication of the tariff rates and affordability issues associated with this private sector project. K&M assessed the ability to implement an economically sustainable tariff, while also meeting indicative rates of return for investment and project financing criteria. K&M also recommended a framework for examining potential project structures and financing strategies for implementing the project.