World Bank embraces new water operators as Europeans step back
- From: Vol 7, Issue 12 (December 2006)
- Category: General
- Region: Unspecified
- Country: United Kingdom
- Related Companies: Beijing Capital Group, Manila Water Company and Ranhill Utilities
There were more private water contracts awarded last year than at any time since 1990, despite the retreat of the European majors. The World Bank has spotted an opportunity.
The World Bank determined a new direction in the pursuit of the Millennium Development Goals (MDGs) for water and sanitation at a summit on private sector participation hosted by the Organisation for Economic Co-operation and Development last month. The meeting reached the conclusion that, with development, new local private operators could fill the void left by the withdrawal of the ...
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