A SENATOR has urged state-owned utilities companies, government agencies and local executives to make the water district friendlier to private investment.
“We should encourage the Local Water Utilities Administration and local government units to open up to the private sector through joint ventures,” Senator Edgardo J. Angara was quoted as saying in a statement released Friday.
“Inviting private sector investment will effectively lessen the burden on the government to finance state enterprises.”
The call came following committee discussions on two bills on water sector reform filed by the senator earlier this week. Senate Bill No. 2997 or the “Water sector reform bill” seeks to provide incentives for water sanitation companies, water service providers, licensees, developers and others who wish to invest in the water industry.
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By: Antonio Siegfrid O. Alegado
Source: Business World, December 9, 2011
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