Beyond Privatization: Rethinking Private Sector Involvement in the Provision of Civil Infrastructure
Richard G. Little
Chapter Chapter 3 in Physical Infrastructure Development: Balancing the Growth, Equity, and Environmental Imperatives, 2010, pp 69-96 from Palgrave Macmillan
Abstract:
Abstract Between January and April 2000, the streets of Cochabamba, Bolivia, erupted in a series of protests over the privatization of the municipal water supply. In response to pressure from the World Bank to increase efficiency and conservation, Bolivia had entered into an agreement with International Waters Ltd. Aguas de Tunari, an international consortium, to provide water service in Cochabamba. Within weeks, water rates were increased by an average of 35 percent to about US$20 per month. In a country where many of the customers earned less than US$100 monthly, such an increase was seen as an intolerable burden for what was considered a public good.
Keywords: Public Private Partnership; Political Risk; Toll Road; Private Partner; Private Finance Initiative (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-10767-0_3
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DOI: 10.1057/9780230107670_3
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