According to Ms. Flor, those difficulties arose from the design of the scheme, which gave the Maynilad concessionaire 90 per cent of the Government's foreign debt to service, and were made worse by shocks emanating from the devaluation of the peso in 1997, which forced the company to raise tariffs.
Selon Mme Flor, ces difficultés tenaient aux conditions du contrat, qui faisait supporter à Maynilad 90 % du montant du service de la dette extérieure, et elles ont été aggravées par la dévaluation du peso en 1997, qui a contraint le concessionnaire à augmenter ses tarifs.