Dark Capital ยท DC-045

WE INDEXED WATER TO THE DOLLAR. THE MINISTRY APPROVED IT. THE FARMERS PAID IN PESOS.

The concession agreement included a tariff indexation clause approved by the ministry, which led to rates increasing between 35 and 200 percent in just four months. The operator complied with the terms set by the infrastructure committee, yet the ensuing public protests resulted in six fatalities and the abrupt cancellation of the concession.

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