Romania Utility Plans 13% Price Rise for Bucharest Water

The Romanian utility Apa Nova Bucuresti SA, a unit of France’s Veolia Environnement SA (VIE), plans to increase water and wastewater-treatment prices in Bucharest by 13 percent starting in March to fund network improvements.

The company seeks to raise water prices in the Romanian capital by 0.75 lei per cubic meter from the current 5.86 lei ($1.76) a cubic meter next month pending approval from the public-utilities regulatory authority, the Bucharest-based subsidiary said today in a statement on its website.

“Apa Nova will adjust the tariffs to fund investments in water and sewage network upgrades needed to ensure water access in Bucharest and in flood prevention,” according to the statement.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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