People in Argentina in favour of nationalisation of water company

Published: Saturday 15 July 2006

Suez: On the receiving end A recent poll in Argentina found that 78.3 per cent of people approved the nationalisation of the country's water company as against 10.6 per cent who opposed it. Argentinians backed president Nstor Kirchner's decision to nationalise the country's water company, Aguas Argentinas, currently run by French transnational Suez.

Earlier in March, Kirchner cancelled the last of the four concessions granted to Suez, the world's second largest water company. Santa Fe province had cancelled their contracts with Suez due to non-fulfilment of investments and poor service quality six months ago.

Suez was accused of not meeting supply and quality standards, non-payment of a fee of us $4 million a year for seven years, and of raising tariffs.

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