Investment into water management in Lithuania
2006
Glinskiene, R. | Daraskeviciute, B.
The development of the water management economy must satisfy the demands of the society and create the assumptions for a balanced development of the Lithuanian economy. Therefore it is essential to develop a politically independent, innovative and effective water management economy, which shall ensure the supply of the continuous, long-term and accessible services of water supply and wastewater management, socially necessary to all users, the quality of which shall meet the provided requirements. Lithuanian economy has been evolving towards the market economy for the entire decade after the restoration of the independence in 1991. The situation in water supply and maintenance economy was complicated: water management economy in most localities was worn and economically ineffective, wastewater treatment equipment was physically and morally outdated. After joining the European Union, it was required to harmonize the national requirements with the legislation of the European Union: the core attention in the water management sector had been given to the implementation of the Directive of the Common Water Policy. The implementation of the European Union requirements in the water management sector required big financial investment. The objective of this article is to evaluate the investment into the water management sector in Lithuania. The European Union, the international financing institution and national sources are the main resources for the financing of the development of the water sector. In 2000-2003, the subsidies and grants from the aforementioned organizations amounted to 1,169.92 thousand LTL in order to improve the assimilation of the investment, it is essential to increase the pay-back of the water management sector, modify the current management, administration and control structure of the companies in the water sector.
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