Veolia and FCC find trouble in Tibitoc
- From: Vol 9, Issue 2 (February 2008)
- Category: General
- Region: Americas
- Country: Colombia
- Related Companies: Concesionaria Tibitoc SA, Corporación Financiera Colombiana SA, Fanalca SA, FCC, Proactiva and Veolia
A cash-conscious water authority in Colombia has threatened to rescind a 20-year BOT contract in Bogotá. The consortium is unhappy with the compensation package on offer.
A conflict between a state-owned water and sewage company in Bogotá and a private operator partly owned by Veolia and FCC has raised concerns about the legal stability of water concessions in Colombia.
In November 2007, the group of companies who run the Tibitoc water treatment plant, located about 40km north of Bogotá, and their only customer, state-owned water and ...
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