Банкеръ Weekly

Briefs

WATER AND SEWAGE COMPANIES PROTEST

The establishment of companies, in which the property of water and sewage firms is included, is a dangerous tendency that should be banned by the new Waters Act, Prof. Tenyu Peichev, Chairman of the Bulgarian Association on Water Supply and Sewage, said in front of journalists. Its representatives declared themselves against the signing of new concession contracts for the Water and Sewage Utilities company before setting up a body to control the observation of liabilities under such agreements. We have already witnessed the precedent concerning the Sofia Water utility, when after the agreement with Britain's International Water Company it turned out that there's nobody to regulate the utility's operation and it had to be undertaken by the private company Omonite, Mr. Peichev recalled.

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