Colombia to use rate hike to finance water conservation
Colombia's housing and environment ministries signed a decree to authorize a hike in water rates to raise funds to finance water resource conservation efforts.
Under the decree, users will pay an additional 1 peso per cubic meter of water used. On average, middle income households pay 140,000 pesos (US$49) a month for water, and the decree would add only 100 pesos to their bills, the housing ministry said in a press release.
"We signed this decree because water utilities thought for a long time that this was a way to advance without having an aggressive impact on rates paid by users," housing minister Camilo Sánchez said.
The signing of the decree took place at a public service companies conference in Medellín, where Sánchez also reviewed his ministry's water achievements during the current administration that ends next month.
"Over 2,117 projects in the country's 32 departments received financial support worth 8tn pesos [US$2.7bn] in total. That meant that 6.8mn Colombians now have access to potable water for the first time, and 7.4mn now have access to basic sanitation as well," he said.
However, Sánchez added that the country would need to invest around 74tn pesos by 2030 in order to fulfill the OECD's sustainable development goals.
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