Prague wants to invest CZK 2.85 billion in water management, more than last year
This year, Prague, through its Prague Water Management Company (PVS), plans to invest approximately 2.85 billion crowns in the water supply network. This follows an annual plan approved by city councilors today. The plan for last year included investments of 2.65 billion.
The PVS water supply network is leased to the company Pražská vodohospodářská společnost (PVK), whose majority owner is Veolia and the minority company is Prague. Most of the money for repairs comes from rent from PVK. According to the approved document, PVS will receive about 2.29 billion crowns from PVK, another 251 million it wants to draw from subsidies from the Ministry of Agriculture. The investment proposal is thus designed with a deficit. In the event that PVS does not obtain money in addition to the rent from other sources, some repairs will not be started, or their start will be postponed to next year. The plan also includes the reservation of 50 million crowns for unplanned necessary repairs.
According to the document, the constructions started this year include, for example, the repair of the buildings and premises of the waterworks in Korunní Street, where, among other things, a cultural and educational center on the production and distribution of drinking water will be established. Restoration of water mains will begin in Zálesí in Prague 4, Šárecká in Prague 6, Českobrodská in Prague 9, Jana Želivského in Prague 3, V Koryty in Prague 10, Radlická in Prague 5 or Korunovační in Prague 7, etc. PVS also plans to build the missing sewerage in the Řeporyj area, the reconstruction of the sewerage system awaits, for example, Bubenské nábřeží in Prague 7 or Na Florenci Street in Prague 1.
The water supply network in Prague measures approximately 3,500 kilometers. Water distribution provided on the basis of a PVK lease agreement. In 2018, Prague bought 49 percent of PVK’s shares from the French company Veolia for 1.75 billion crowns. The agreement included an option to repurchase the remaining 51 percent of the shares in 2028, when the company’s contract with PVS to lease water infrastructure expires.
ČTK, illustration photo (PVK dispatching) Naše voda – Nina Havlová
11.4.2022 14.33, Rubric: What we should know about water, Beverages and water in food, Water purity and recreation, Water and our wallet, Water supply and sewerage, Statistics and cases, Important news