SCENARIO #5: … And Not a Drop to DrinkWater Purchase Agreement • December 10th, 2007
Contract Type FiledDecember 10th, 2007Water is crucial to the tiny island nation of Singapore. Surrounded by the salty sea, they get 50 percent of their potable water from rainfall and must import the other 50 percent. As of 2007, Singapore had a water purchase agreement with Malaysia, acquiring fully half of their nation's water supply through a dual pipeline running across the Straits of Johor. The Malaysia-Singapore agreement was due to run out in 2011, however, and an intractable disagreement over the price of water had caused negotiations to stall.
SCENARIO #5: … And Not a Drop to DrinkWater Purchase Agreement • December 10th, 2007
Contract Type FiledDecember 10th, 2007Water is crucial to the tiny island nation of Singapore. Surrounded by the salty sea, they get 50 percent of their potable water from rainfall and must import the other 50 percent. As of 2007, Singapore had a water purchase agreement with Malaysia, acquiring fully half of their nation's water supply through a dual pipeline running across the Straits of Johor. The Malaysia-Singapore agreement was due to run out in 2011, however, and an intractable disagreement over the price of water had caused negotiations to stall.