DAR water corp doubles income
Written by EABW CORRESPONDENT
Saturday, 31 January 2009
Dar es Salaam, Tanzania - The Dar es Salaam Water and Sewerage Corporation (DAWASCO) has announced an increase of average monthly income from TShs0.96 billion in 2005 to TShs2.05 billion in September last year.
This was announced during the Parastatal Accountability Conference held in Dar es Salaam last week. However, the monthly income collections of around TShs2 billion per month are significantly below projections, resulting in a cash deficit of around TShs1.6 billion per month in the foreseeable future.
During that period, the number of monthly paying customers increased from 13,000 to 26,000. Billing increased from TShs2.5 billion to TShs3.3 billion a month; currently down to around TShs2.4 billion after rationalization and segregation of accounts.
DAWASCO is the sole provider of water supply and sewerage services in Dar and parts of the Coast region. DAWASCO took over from City Water in June 2005 after the private sector operator had its contract terminated.
Currently, DAWASCO provides sewerage services to only seven percent of Dar region.
East African Business Week - DAR water corp doubles income
Written by EABW CORRESPONDENT
Saturday, 31 January 2009
Dar es Salaam, Tanzania - The Dar es Salaam Water and Sewerage Corporation (DAWASCO) has announced an increase of average monthly income from TShs0.96 billion in 2005 to TShs2.05 billion in September last year.
This was announced during the Parastatal Accountability Conference held in Dar es Salaam last week. However, the monthly income collections of around TShs2 billion per month are significantly below projections, resulting in a cash deficit of around TShs1.6 billion per month in the foreseeable future.
During that period, the number of monthly paying customers increased from 13,000 to 26,000. Billing increased from TShs2.5 billion to TShs3.3 billion a month; currently down to around TShs2.4 billion after rationalization and segregation of accounts.
DAWASCO is the sole provider of water supply and sewerage services in Dar and parts of the Coast region. DAWASCO took over from City Water in June 2005 after the private sector operator had its contract terminated.
Currently, DAWASCO provides sewerage services to only seven percent of Dar region.
East African Business Week - DAR water corp doubles income