Abolish the Water Corporations!

 

Water supply was traditionally part of the municipalities. They bought water from Mekorot and sold it for the double price. Maintenance expenses were low, so there were large sums available at the discretion of the local political chiefs. 

The idea of the corporations was to create financially attractive investment vehicles in the stock exchange. Today there are no infrastructure investments here. That did not happen: the corporations spent their profits on themselves, overinvesting in municipal water infrastructure and in personnel. 

Now the Minister for Energy Cohen (right pic) wants to dissolve the corporations and turn the operation back to the municipalities. Which would improve the situation of the local authorities. I expected this in the last ten years and now is being discussed. Good.