Water should not be a prisoner of profit
China Daily | Updated: 2009-08-21 07:57
The chief of Veolia Water, which has made big-time investment in Lanzhou Water Supply Group, recently announced "durative deficits" in the group's operation cost. But the price of water in Lanzhou, capital of Gansu province, at 1.95 yuan per ton is exorbitant. Hence, the government should ensure people get water at a reasonable rate, says an article in Qilu Evening News. Excerpt:
Veolia Water, a major shareholder in Lanzhou Water Supply Group, has raised the price of water it supplies five times in nine years.
Multinational water treatment and supply companies enter Chinese market by spending relatively small amounts and with the aim to make big profits.
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