Lahore: Water and Sanitation Authority (WASA) has prepared a 6-year business plan aimed at identifying & resolving its financial crisis, because of which water bills will be increased in different phases, reported a news source. By increasing the water tariff, WASA intends to operate as an independent entity -without relying on subsidies issued by the federal government to run its operations.
In this regard, the business plan is to be presented by WASA Managing Director Syed Zahid Aziz in the next meeting of the governing body. The 56-page long business plan suggests that the water tariff will be increased phase-wise in the next three years. These increments will help WASA overcome its reliance on the annual subsidy of PKR 2.2 billion, and bolster its own income.
Under the second phase of the proposed plan, the WASA Operation and Maintenance System will be revamped – and its old machinery will be renewed. The business plan also propositions WASA to return the foreign loan amounts that it takes for all projects undertaken by the authority.
The plan is to be shared in the next session of the WASA Governing Body meeting, which will be chaired by Punjab Chief Minister Usman Buzdar. As soon as there is an update on approval of the plan, Zameen News will carry a report. So stay tuned.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
