Citigroup has had their say on the water privatisation debate, asserting that there must be privatisation of water utilities, and the price of water must be determined by the market. They provided the usual argument that allowing the market to price water more accurately will allow for investment in infrastructure, and reduce consumption when water is scarce.This is a reasonable argument, but it is a safe bet that Citigroup is hoping that their investment banking team will be collecting some serious fees as advisors on any sales of utility assets to the private sector.
