Minister of City Planning and Water Supply Rauff Hakeem has warned that the National Water Supply and Drainage Board (NWSDB) would record a loss of Rs. 9 billion if the proposed tariff hike on water is not implemented.
Hakeem made this revelation while addressing the media at the Parliament complex this morning.
He said that they were to implement the tariff hike last year. He also said that the last time the hike was implemented was in 2012. However, he said that the issue was currently being discussed by the Cabinet Ministers and added that a final decision would be taken by a three member ministerial committee appointed to look into the matter.
The Minister added that Sri Lanka charged the lowest rate for water supply in the region, but added that almost half a million rupees was spent to connect the water system to a house. “We charged only Rs. 310 for first 15 units and according to the proposed tariff, it was increased to Rs.540. If the increased amount is divided by 30, it is only just 18 rupees per day. We thought, it will not be a big issue,” he said.