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Spain to Spend €6.17 bln on Tajo River Water Works

Source: Bloomberg - Fri 11th Apr 2014
Spain to Spend €6.17 bln on Tajo River  Water Works

The Spanish government and local authorities plan to spend €6.17 bln to better manage and treat waters in the Tajo River basin, the country's biggest.

Spain will invest €3.5 bln to comply with environmental regulations on wastewater treatment and €2.5 bln for infrastructure to improve irrigated water management, the Agriculture Ministry said today.

Spain is Europe's most water-stressed country, according to the World Resources Institute's analysis of supply and demand. Still, water prices are almost half the average for the European Union, according to a February report from PwC.

Some €170 mln will be allocated for basin water management and education, the ministry also said in a statement.

Recommended Reading :

* Spain to account for every drop of water

* EU research shows potential water shortage in Spain

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