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Friday, December 2, 2016

Galasa Update

As many of you are aware there has been great uncertainty, regarding what was going to happen with Galasa, which has debts of 40 million euros. It was expected to go into bankruptcy on the 1st December.

However, following lengthy and protracted negotiations a plan has been agreed between all the political parties which, amongst other agreements, will ensure the continued supply to over 60,000 users and the employment of the existing workforce. 

There will be an adjustment of the monthly invoices but much less than was originally being sought. It should be in the region of 18% but we need to understand that no increases in the water tariff has occurred for some years. 

The Diputacion has committed to a multi annual investment of five million euros towards the repair and improvement of the existing water infrastructure.

A committee has also been established in which all political parties will participate and meet every 3 months with the remit of evaluating and improving the performance of the company.

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