Financial Aspects
Tariffs. Water and sewer tariffs in Singapore are set at a level allowing cost recovery, including capital costs. Water and sewer tariffs were raised substantially in the late 1990s, so that the average monthly domestic bill including taxes increased from S$ 13 in 1996 to S$ 30 in 2000. The sewerage tariff (called "waterborne fee") is S$ 0.30/m3 for domestic users plus a fixed tariff of S$ 3 per "chargeable fitting" per month. The water tariff includes a conservation tax set at 30% that increases to 45% for domestic consumption above 40 m3 per month. A general service tax of 7% is added to the bill. As of 2012, a household consuming 20 m3 per month and that has three "chargeable fittings" faces a water bill of S$ 32.5 per month and a sewer bill of S$ 15 per month, both including all taxes. The total of S$ 47.5 (USD 37.7) per month corresponds to S$ 2.38/m3 (US$1.88/m3). Industrial water tariffs are set lower at S$ 0.52/m3. Water and sewerage tariffs are lower than tariffs in some European countries such as in Germany where the average water and sewer tariff including taxes was Euro 3.95 per m3 in 2004.
Investment. In the financial year 2010 PUB undertook investments of S$ 411 million (USD 290 million) in its own assets, mainly for water supply and NEWater, and S$ 451 million (USD 319 million) for assets belonging to the government, mainly for sanitation and stormwater drainage. This corresponds to annual investments of USD 117 per capita, which is higher than in the United States where the corresponding figure is USD 97.
Financing. In 2005 PUB issued for the first time a bond, raising S$ 400 million, to finance part of its investment program. Since then, bonds have been issued regularly, including a S$ 300 million bond with a maturity of 20 years in 2007. During the financial year 2010, PUB Group received an operating grant of S$ 185 million to fund the operation and maintenance of the stormwater drainage network and operating costs of certain water infrastructure assets such as the Marina, Serangoon and Punggol Reservoir schemes.
Read more about this topic: Water Supply And Sanitation In Singapore
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