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In January 2000, just months after it took over control of the water system of Bolivia’s third largest city, Cochabamba, a Bechtel Corporation subsidiary hit water users with enormous price increases.
In early April the often-forgot country of Bolivia, tucked away in the Andes, grabbed the world’s attention when the city of Cochabamba erupted in a public uprising over water prices. In 1999, following World Bank advice, Bolivia granted a 40 year privatization lease to a subsidiary of the Bechtel Corporation, giving it control over the water on which more than half a million people survive. Immediately the company doubled and tripled water rates for some of South America’s poorest families.