Soledad municipality water utility

active

In December 2001, the municipality of Soledad (Atlantico) granted a 20 year concession for the operation of its water and sewerage services to Sociedad de Acueducto, Alcantarillado y Aseo (Triple A) de Barranquilla. The municipality had 59,7000 water connections that represented a coverage ratio of 43%. In sewerage the coverage ratio was 36%. The total population of the municipality was 360,000 in 2001. The concession contract involved investment for US$43 million of which US$30 millionwere to be funded by National and local government contribution and the remaining by the water utility's cash flow. The concessionaire agreed to provide Colombian pesos 1,000 million(US$ 350,000) per year during the first three years of the concession for the management of investment resources, contribute with Colombia pesos 610 million (US$210,000)for the investment program, and pay the administrative auditing of the water utility. http://siteresources.worldbank.org/EXTWSS/Resources/337301-1147283795581/Colombia-MenahemLibhaber.pdf None