Egyptian Water Ministry Wants to Raise Prices, Al-Masry Reports

Egypt’s Ministry of Water and Sanitation may ask the government to permit an increase in water prices and to boost its budget, the independent Al-Masry Al-Youm reported today, quoting the minister.

State Minister Abdel-Qawi Khalifa said the ministry is seeking a 9 billion-Egyptian pound ($1.48 billion) budget increase, according to the newspaper.

Raising water prices is necessary to cope with a deficit with which the state-run Holding Company for Potable Water and Sanitation is grappling after it failed to secure 18 million pounds a day in support pledged by the government, Khalifa was cited as saying.

To contact the reporter on this story: Salma El Wardany in Cairo at selwardany@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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