Complaint > Cartagena Water Supply, Sewerage and Environmental Management Project

Management Response: 31-Management Response (English)

...changes in selected variables (project invest- the actual cost of the outfall sys- tem is likely to be much higher ment costs, as well as property tax collection rate improvements, ad- due to the environmental and ministrative costs, and exchange rate devaluation) on the main finan- other uncertainties mentioned cial indicators of the District (financial shortfall/surplus during project ...

Complaint > Cartagena Water Supply, Sewerage and Environmental Management Project

Compliance Report: 31-Investigation Report (English)

...change on the tradable components of each input, and account for any changes in domestic prices that may occur as a result of the project.”323 It is noted that “[a]ll economic costs of the project inputs are lower than the market costs due to the high taxes and tariffs charged in Colombia that offset the impact of the foreign exchange premium.”324 276. Data from contingent valuation (i.e. hypothetical v...