Water prices in Istanbul hiked by 25% following IBB decision

Water prices in Istanbul hiked by 25% following IBB decision

The Istanbul Metropolitan Municipality (IBB) Council has authorized a big 25% hike in water costs, impacting each residential and industrial customers on Wednesday.

The resolution was taken throughout the second Extraordinary General Assembly of Istanbul Water and Sewerage Administration (ISKI), held on the municipality constructing in Saraçhane and chaired by the second Deputy Chairperson of the Assembly, Ömer Faruk Kalaycı.

The key agenda throughout the meeting was the dialogue on ISKI’s water gross sales and used water disposal tariff proposal. The proposal aimed to deal with numerous tiers of water consumption and implement a gradual value adjustment.

Under the proposed modifications, residential water charges would see a substantial adjustment. In the primary stage, which covers consumption ranges starting from 0 to fifteen cubic meters, the present fee of TL 16.50 ($0.61) would enhance to TL 20.62. In the second stage, for consumption ranges past 15 cubic meters, the value would stay at TL 23.75. For larger consumption within the third stage, exceeding 31 cubic meters, the speed would rise from TL 29.68 to TL 32.34, in the end reaching TL 40.42.

The proposal additionally included modifications for industrial institutions. A gradual pricing system was advised, with the primary stage encompassing consumption of 0-40 cubic meters, the place costs would surge from TL 43.23 to TL 54.03. In the second stage, for consumption exceeding 41 cubic meters, charges would enhance from TL 50 to TL 62.50.

The proposal was accepted unanimously in its proposed kind. The authorized enhance in water costs is about to come back into impact after obligatory approvals. This resolution is predicted to have a big impression on water payments for each residents and companies throughout Istanbul.

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Source: www.dailysabah.com