Buenos Aires to receive $5.7 billion investment boost
- From: Vol 7, Issue 11 (November 2006)
- Category: General
- Region: Americas
- Country: Argentina
- Related Companies: Aguas Argentinas and Suez
Government funding and a new watchdog will improve services in the Argentine capital. Some, however, will still be left without basic sewerage provision when the funding runs out in 2020.
Argentina plans to invest ARS17.645 billion ($5.7 billion) in the state-owned Buenos Aires water utility AySA (Agua y Saneamientos Argentinos), the company that took over from Aguas Argentinas, the concessionaire controlled by Suez, in March. Announced by president Nestor Kirchner, the ambitious project aims to reach 80% sewerage provision in Buenos Aires and its surrounding districts by 2011 ...
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