WALKING AWAY
- From: Vol 6, Issue 9 (September 2005)
- Category: Need to know
- Region: Unspecified
- Country: Argentina
- Related Companies: Advanced Environmental Water Technologies, Aguas Argentinas, Aguas de Barcelona, Aguas Nuevo Sur Maule, American Water Works, Cascal/Biwater, China Water Company, Essbio, Nuon, Pridesa, RWE/Thames (Water), Southern Cross and Suez
Suez has finally decided to walk away from its water and wastewater concession in Buenos Aires.
It seems that the government would not put figures to previously agreed tariff increases (presumably because of upcoming elections). The Suez side saw this as a bad sign and walked out. The Aguas Argentinas board will start the process of withdrawing from the contract on 19 September. “Confronted with the fact that it is impossible to re-establish the concession’s ...
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