The City of Winnipeg is facing a significant challenge, the cost of renewing its water and wastewater systems.
If it followed a widely established trend by privatizing these facilities, the City could save an estimated $225 million.
Established techniques for privatization include service shedding, asset sales or leases, merchant projects and outsourcing or contracting operations.
Thousands of other municipalities have embraced these tools to contain costs and meet mandates from other levels of government.
Privatized water and wastewater systems have excellent track records for maintaining environmental and health standards.
Studies confirm that existing municipal employees have little to fear from privatization.
Local governments that privatize experience little or no disruption in service.
Markets, even ones with foreign participants, can successfully deliver vital services.
Privatization of water and wastewater systems has saved municipalities a lot of money, and after the fact they tend to be highly satisfied with such decisions.
The pitfalls of privatization are well-known and understood, and can easily be avoided.
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