Bucharest water PPP saves city $350m
- From: Vol 11, Issue 6 (June 2010)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Castalia and IFC
The IFC and Castalia have published a study evaluating ten years of Bucharest’s private water concession. The model has the potential to save the city $1 billion, but is it replicable?
The fall of the Ceausescu dictatorship in 1989 may have brought an end to communism in Romania, but it did little to improve Bucharest’s water utility. Ten years after a private concessionaire took responsibility for water and wastewater services, transaction adviser International Finance Corporation (IFC) enlisted the help of consultant Castalia to evaluate the performance of the contract so ...
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