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The agreement allows for less water to be withdrawn when reservoirs in Hong Kong are full, and more water to be withdrawn in times of drought, while the annual payment remains the same. Under the new agreement, Hong Kong paid fixed lump sums of HK$2,959 million, HK$3,146 million and HK$3,344 million for 2009, 2010 and 2011 respectively. [9]
The Water Supplies Department (WSD; Chinese: 水務署) is the department under the Development Bureau of the Government of Hong Kong of the People's Republic of China providing a reliable and adequate supply of wholesome potable water and sea water to customers in Hong Kong.
On 5 July 2018, the Malaysian government has stated that the agreements were signed in a different time and that the price should increase. [5] It cites the example of water sold by China to Hong Kong in the past, which was approximately US$5.8 per 1,000 imperial gallons (4,500 L). [6]
"SHAME OF HONG KONG" About 1.4 million of Hong Kong's population of about 7.5 million live in poverty, with the number of poor households rising to 619,000 in the first quarter of 2024, to account ...
Hong Kong's consumer watchdog said Nongfu Spring's bottled water nears the EU limit for a ... But a drop in the company's share price—down almost 25% so far this year—has shrunk the bottled ...
Queuing for water in Hong Kong July 1963. The main source of water in Hong Kong was China. A contract was signed in 1964 when Hong Kong purchased 15,000 gallons of water a day drawn from China's East river. [9] When political turmoil came to Hong Kong, China turned off the supply periodically and caused water shortages.
Within this choice set, the preferred water tariff depends on multiple factors including: the goals of water pricing; the capacity of a water services supplier to allocate its costs, to price water, and to collect revenues from its customers; the price responsiveness of water consumers; and what is considered to be a fair or just water tariff. [4]
The Aberdeen Reservoirs were built to augment Pok Fu Lam Reservoir in providing water supply to the west of Hong Kong Island. The Lower Aberdeen Reservoir, with a capacity of 44.2 million imperial gallons (201,000 m 3), was originally a private reservoir owned by Tai Shing Paper Factory, built in 1890, which also provided water to nearby residents.