Masagos Says Singapore Water is Currently “Underpriced”, Announces Water Fee Hike

Posted on Feb 7 2017 - 7:56pm by Redwire Singapore

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Environment and Water Resources Minister Masagos Zulkifli has said that water here is “underpriced”, as he announced plans to increase the cost of water.

Mr Masagos said that the price of water has remained constant for the past 17 years, and currently cost S$1.52 per cubic metre including water conservation tax.

He said that water prices will be increased due to higher cost of producing water.

This cost boost is a result of infrastructural factors such as the need to dig deeper to lay pipe and renew old plants.

“In countries around the world where water is not priced properly, the water ministry is not able to recoup the costs enough to build new assets to replace old assets and sometimes assets are left in disrepair. Even if they do have water, water cannot get to where it’s needed.”

Mr Masagos didn’t reveal the extent of the water price hike.

He said that more details will be announced during Budget 2017, which will be held on 20 Feb.

 

 

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