Water price changes a sign of good government

Singapore

THE fact that water prices have not changed in the last 17 years means that a large part of the investment and technology that went into producing Swiss-quality water levels in Singapore have not been covered by the users themselves.

"It's therefore inevitable there needs to be a price that reflects the investment and the cost of running a sophisticated water system," Jochen Krauss, a partner at Simon-Kucher & Partners, told The Business Times yesterday.

The economist was rationalising why the water price increase, announced at Bud…