At the conclusion of Part 1, the proposal outlined in the Budget Address 205-2006 were presented. The Minister of Finance went on further to expand on how this new strategy can be implemented and the following statement was made: ‘’Honourable Members will recall the debate and passage of the new Water & Sewerage Act, which will provide the platform for the quality of service and the protection and management of the resource base to attract private sector investment. In pursuit of this latter objective, the Government has decided to pursue a public-private sector partnership for WASCO that will permit the Government to remain on the Board of Directors as the protector of the public interest, but will also allow for the divestment of the majority shares of WASCO. We have chosen this option for the following three main reasons: Our experience with the privatization of LUCELEC; Current...