Russian water tries to come in from the cold
- From: Vol 10, Issue 11 (November 2009)
- Category: General
- Region: Europe
- Country: Russian Federation
- Related Companies: European Bank for Reconstruction and Development and Veolia Water
There are signs that Russia is getting serious about mobilising international private water operators to help it tackle its infrastructure challenges. Achieving the breakthrough could still take several years.
The European Bank for Reconstruction and Development is proposing to inject up to €70 million of new equity into Veolia Voda – Veolia Water’s eastern European subsidiary – adding to the 10% stake it took back in December 2007.
Despite a lack of tangible progress in terms of international private sector penetration into the Russian water sector, there are clear signs ...
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