Saturday, January 20, 2018

WASA must explore options to privatise *

WASA's new strategy to collect outstanding monies reveals an administration bereft of ideas to deal with the country's economic contraction.

Even if the utility could collect $500 million in unpaid rates, this would only mean that the Government would still have to fork over at least $1.5 billion in subsidies, which is the price taxpayers pay for WASA's inefficiency and, most likely, corrupt practices. In 2015, the subsidy for WASA was just under $2 billion; and over 60 per cent of the potable water produced by WASA is lost through leakage, compared to a 40 per cent leakage rate in most developing countries. So Public Utilities Minister Robert LeHunte's claim that “the price of water in T&T is the lowest in the Western hemisphere” is, at best, disingenuous.


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