On 1 May 1993, Aguas Argentinas, an Argentine–European consortium lead by the French company Suez-Lyonnaise des Eaux, took over the water supply and sewerage services of Greater Buenos Aires. The present paper presents a number of aspects of the first years of the Concession. In spite of some minor and isolated criticisms, the Concession has been considered a success by all parties in that service has improved while the tariffs have gone down. Since the start of the Concession, Aguas Argentinas has increased water production substantially and water quality complies with international standards. More than 1700 000 new consumers have been added to the water supply and 1000 000 have been connected to the sewer network.

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