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Water Industry Outlook: ‘The Time Is Ripe’ for Water Privatization

Water Industry Outlook: ‘The Time Is Ripe’ for Water Privatization

The privatization of the nation’s water industry is set to explode in the next five years, according to the findings of a recent survey.

WeiserMazars LLP, a New York-based tax and advisory services firm, detailed the findings in its first annual U.S. Water Industry Outlook (pdf), in which professionals from the industry, representing privately owned businesses and public utilities, shed light on the near future for the water industry.

And what the next three to five years hold, according to the results, is a surge in privatization and public-private partnerships in a quest to capitalize on the resource.

As Jerome Devillers, Head of Water Infrastructure/Project Financing at WeiserMazars stated bluntly in a release, “Our study shows the time is ripe” for water privatization.

With water scarcity growing WeiserMazars sees water rights and access to water fees increasing as well — and therefore attracting the interest of private equity and hedge funds, who can capitalize in the takeover of the public good.

Though “negative public perception” has blocked some water privatization efforts, tax increases needed to increase revenue for aging water infrastructure has been unpopular, and semi-privatizations are being enacted.

In next three to five years, most survey respondents — 71% — thought there would be a “significant amount of acquisitions of small sized utilities by larger investor owned utilities”

This post was originally published on Common Dreams.

 

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5:15PM PDT on Mar 18, 2013

Robert K. re: Sandra S commented on bottled water. When Consumers Reports did a review of water they found that the best water in the world, better than any bottled water, was New York City tap water.

I used to have a buddy who was a stand up comic and one of his routines concerned Derriere Water from the bowels of the Earth. A takeoff on Perrier which comes from the earth near radioactive disposal sites.



Would that be why they want to frack up the water in New York?

PS. - I owe you MORE STARS than I can give you.

12:52PM PDT on Mar 17, 2013

Oh great, another industry that is going to go down the plughole...

5:55AM PDT on Mar 17, 2013

Sandra S commented on bottled water. When Consumers Reports did a review of water they found that the best water in the world, better than any bottled water, was New York City tap water.

I used to have a buddy who was a stand up comic and one of his routines concerned Derriere Water from the bowels of the Earth. A takeoff on Perrier which comes from the earth near radioactive disposal sites.

5:49AM PDT on Mar 17, 2013

The time is never ripe for privatization of anything from any standpoint other than making obscenely rich scumbags richer. In every case of privatization the public suffers from higher prices and less service.

Even suggesting privatization of anything is proof of greed and the fact that you hate people and democracy. These people should be flown to a desert island and abandoned rthere with no contact with the outide world to die in their own stench.

5:33AM PDT on Mar 17, 2013

The privatization of water resources is just another scheme to transfer money to the few at the expense of the many. Anyone that tells you water resources would be better administered by private enterprise is lying to you.

3:40PM PDT on Mar 16, 2013

Public utilities were created to ensure that the public had access to clean water at affordable prices - such utilities belong to the public in posterity and no one has the right to sell off property/rights in actuality belonging to the public in perpetuity.

People need safe water supplies not only for drinking but for washing and cleaning, and the introduction of public water and sewage facilities was probably THE most important public health measure ever enacted.

Once people can no longer afford adequate water, not only do people begin to die of thirst and hunger, (as crop prices also increase with water prices and gardens can longer be watered,) but of the diseases that prosper when sanitation is absent.

Water is a right, as are publicly owned facilities in a democracy - and those who seek to bleed the population through control over the natural necessities of life on Earth must be stopped in their tracks prior to flattening us all.

We need to get greedy, ruthless industry interests down to a size where they can be drowned in a bathtub, which would also be the last act of pollution they'd engage in..

7:57AM PST on Jan 13, 2013

Thank you for sharing.

8:46PM PST on Dec 2, 2012

As said above, privatize education, prisons, social security all being hailed as the free marked capitalist way to run a country. Now water, next after enough fracking it will be pure air that will be privatized. We are so polarized now I cannot imagine how bad it will get. Welcome to the NRA's idea for America, guns, range wars, water wars, air wars. We are doomed.

11:54AM PST on Nov 27, 2012

Water privatization would mean the death of many people all over the world. Even in developed countries, the poorer people would have even less money to save up if they'd also have to pay for water, which is like air to us. It's like saying you're not allowed to breathe the air without paying... And where exactly do these companies get their water??? Free from the Earth that belongs to everybody. This is ridiculous. If they want to privatize water, then they better be ready to fight the world population.

12:02AM PST on Nov 27, 2012

The move to "privatize" water rights has been in the works for quite some time, and in the countries where it has already taken place the results are disasterous. Water will become the new "oil" if we allow this to continue. People such as Geroge W Bush have aready heavily invested in the companies who are trying to gain these water rights. Activists worldwide who have reported the evils and abuses of the privatization of water rights have been murdered. It is an issue we must pay close attention to, and try to avert vehemently.

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