Government approves water hike

Effective today, the government will pay the city’s sole water distributor Macao Water Supply Co Ltd MOP4.91 (US$0.62) per cubic metre of water supplied to users, a hike of 5.59 percent on the previous MOP4.65, the Official Gazette announced yesterday. The approved hike is mainly based on changes in the composite price index (CPI) plus water supply cost for the past year, the Marine and Water Bureau explained to Business Daily. The hike, however, is substantially lower than the 16 percent requested by Macao Water in December. This was suggested in order to help ease the company’s financial pressure resulting from investing in large-scale water supply infrastructure over the next few years.