Public utilities go into state ownership in N-Hungary

Analysis

Hungarian state-owned regional waterworks, Észak-magyarországi Regionális Vízmű, bid HUF 250 million to take over the municipal sewage company from the city council of Salgótarján, Salgótarján Mayor Melinda Sztrémi announced on Thursday. Previously on Thursday, the local council of Salgótarján signed an agreement to buy the minority of municipal sewage company, Salgótarjáni Csatornaművek, from the French environment company Veolia. At the same time, the state-owned regional waterworks bid another HUF 250 million for the shares of 30 local councils in the Salgótarján city waterworks, Salgótarján és Környéke Vízművek, too. The regional waterworks will assume operation of its acquisitions in June, and will pay rent to the present owners until the purchase agreements are signed. As a result, water fees for Salgótarján residents will be cut by 24% from June, more than the national rate of the utility price cut of 10%, and sewage fees will decrease by the regular 10%, the mayor said.

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