Xan Rice, Nairobi
guardian.co.uk,

A British water company thrown out of Tanzania over a bungled privatisation deal has failed in its bid to win up to GBP10m in damages.

Biwater, whose local management team was deported from Dar es Salaam in 2005, took Tanzania's government to the World Bank's business tribunal in 2006, arguing that its assets had been expropriated and its contract illegally terminated.

The claim outraged anti-poverty campaigners who say the privatisation contract was forced on Tanzania, and accused the Biwater-led consortium, known as City Water, of performing worse than the state-run utility it replaced.

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Posted by dcjaya at October 13, 2008 5:42 PM