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Spanish city Valladolid takes public privatized water in public hands
(16 August 2016) Following elections in which the return of water into public hands was a big theme, the authorities have followed up, cancelled the water concession and created a public company. The reasons for remunicipalization are familiar: underinvestment in infrastructure, high tariffs and lack of democratic control. People get disconnected when they have difficulty paying their bill.
Valladolid joins nearly 200 cities and towns that have gone a similar path. Remunicipalisation delivers more transparency, more involvement, lower prices and more investment. There is no need to exploit to make profits to pay shareholders.