cashstrapped rio de janeiro to privatize water utility
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Cash-strapped Rio de Janeiro to privatize water utility

Arab Today, arab today

Arab Today, arab today Cash-strapped Rio de Janeiro to privatize water utility

Rio de Janeiro - AFP

Legislators for financially strapped Rio de Janeiro state voted Monday to approve privatization of the public water utility despite a strike by workers and threats of protests.

The state assembly passed the authorization to put the water and sewage company, known as Cedae, up for sale by 41 to 28 votes.

For Rio, which six months after hosting the Olympics is unable even to pay public salaries fully, the sale is a condition of receiving a federal loan of 3.5 billion reais ($1.13 billion).

The state and city of Rio, which splurged on now mostly unused stadiums and costly transport improvements before the Olympics, are all but bankrupt.

The crisis -- which has seen hospitals run out of equipment and police go on strike over unpaid salaries -- is also partly due to the downturn in the oil industry, which has a major presence in Rio.

However, the idea of putting Cedae up for sale has been controversial.

Protesting employees and riot police have been in violent confrontations twice in the last few weeks, although a demonstration outside the assembly building Monday was so far peaceful.

On Monday, unions representing Cedae announced a strike running through Thursday "and a permanent mobilization."

However, the president of the Sintsama union in Rio, Humberto Lemos, told Globo news website that services would continue uninterrupted in a week when an estimated million tourists come to Rio for the carnival, which begins Friday.

"We will have 30 percent working. Under the law, this is an essential service. That's so there won't be a shortage of water for the population, which can't be penalized," he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cashstrapped rio de janeiro to privatize water utility cashstrapped rio de janeiro to privatize water utility

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cashstrapped rio de janeiro to privatize water utility cashstrapped rio de janeiro to privatize water utility

 



GMT 05:43 2017 Sunday ,15 October

Foreign ministry hails Khattab's 'rare courage'

GMT 08:23 2017 Wednesday ,15 November

Nadeen keen to participate in drama season

GMT 09:33 2017 Tuesday ,10 October

Gloves off as Japan election campaign starts

GMT 08:54 2016 Monday ,30 May

Opposition head jail term to 9 years

GMT 13:12 2017 Thursday ,16 March

Security flaw found in WhatsApp, Telegram

GMT 18:26 2016 Tuesday ,13 September

Investors wipe off $15.7bn from Samsung market value

GMT 17:18 2017 Wednesday ,26 July

Poland slams EU 'blackmail' over court reforms

GMT 10:43 2017 Wednesday ,22 March

Houthis cannot impose Iranian model on us

GMT 10:28 2017 Saturday ,04 March

WTO needs 'fine tuning'

GMT 10:51 2017 Saturday ,11 March

Signs of momentum for Dubai property sector

GMT 19:13 2017 Friday ,28 July

Saudi Crown Prince meets Turkish president

GMT 15:19 2017 Monday ,20 November

Curry leads Warriors fightback after Sixers blitz

GMT 22:13 2017 Friday ,17 November

Ex-IMF head Rato to be tried for banking fraud

GMT 07:45 2017 Tuesday ,28 November

Dawood Hussein happy for participating

GMT 05:35 2017 Sunday ,26 November

May hails 'very positive' Brexit talks

GMT 04:39 2018 Monday ,24 September

Bahrain to host regional meeting on youth empowerment

GMT 21:58 2017 Saturday ,14 October

Infiltration attempt of 138 people into Libya foiled

GMT 20:47 2016 Saturday ,11 June

Postal system privatization may begin early 2017

GMT 18:39 2018 Wednesday ,03 January

ADNOC and OCP sign long-term Sulphur sales agreement
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday