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January 9, 2001: Aguas Argentinas Implements Third Rate Hike

2001-01-09

The Argentine government approves Aguas Argentinas’s request for another hike in water rates (see also (Early 1994) and May 1998). This time the rates increase by 9.1 percent. In exchange, the company says it will expedite its plan to spend $1.1 billion expanding services to Buenos Aires’ poorer neighborhoods. [Santoro, 2/6/2003]