Italy parliament approves water privatisation law
Thu Nov 19, 2009 1:49pm GMT
ROME, Nov 19 (Reuters) - Italy's parliament on Thursday approved
legislation allowing private management of water services, as part of an
umbrella law designed to bring Italy into line with European Union
The new law obliges authorities to lower their shareholding in municipal
utilities with water businesses -- such as Acea, Iride, Hera and Enia --
to 30 percent by December 2015, from around 40 percent at present.
The law will allow private and mixed-shareholding companies to compete
with public ones for management of water resources.
Opposition leaders have expressed concerns that allowing private
management of water services, even if the network remains in pubic
hands, could lead to an increase in tariffs.