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Water price changes a sign of good government

Economist Jochen Krauss says it's inevitable to have water price that reflects investment and operation cost

Published Wed, Mar 15, 2017 · 09:50 PM

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.

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