Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

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

Don't Miss Out —
Follow us on:

Sept. 24 (Bloomberg) -- 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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.