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dam-l Nigeria explores water privatiz./LS
from e.water (summary) (published by alphabet online ltd)
25 October 1999
Issue No: 273
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NIGERIA EXPLORES WATER PRIVATISATION
Lagos, Nigeria's commercial capital is reported to have asked the World
Bank's Private Finance arm, the International Finance Corporation, to
coordinate the privatisation of the state's water corporation and sanitation
services.
An article in the Financial Times suggests that about USD1.5bn worth of
investment will be required to update the current system that is estimated
to be supplying piped water to only one in five of the 14 million
inhabitants of the city.
Open bidding for the privatisation is expected in 2001.
[Financial Times 14/10/99]
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Lori Pottinger, Director, Southern Africa Program,
and Editor, World Rivers Review
International Rivers Network
1847 Berkeley Way, Berkeley, California 94703, USA
Tel. (510) 848 1155 Fax (510) 848 1008
http://www.irn.org
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