Lutsk city authorities together with the management of "Lutskvodokanal" refuted rumors about the bankruptcy and possible privatization of the enterprise. For this purpose, on May 16, an off-site meeting of the city council's press club was organized at the water utility, – reported the own correspondent of the Western Information Corporation. \n \nRumors about the bankruptcy and possible privatization of "Lutskvodokanal," which continue to spread around the city, were called unfounded by the director of the communal enterprise "Lutskvodokanal," Anatoliy Bashchuk. According to him, currently there is not even a corresponding mechanism. The enterprise is developing in the direction of implementing European standards; four modernization projects are being implemented in the sewerage system and two projects in the water supply system, including the PADKO project and a joint drinking water purification project with leading water treatment companies of Poland. \n \nAnatoliy Bashchuk suggests that the rumors may have been generated by the intensification of work with debtors in the direction of repaying existing debts, which the communal enterprise was forced to undertake in recent months. After all, the population's debt for consumed water amounts to 5.7 million hryvnias, including 4.4 million hryvnias for cold water and 1.3 million hryvnias for hot water. \n \nAnother reason for the emergence of rumors was cited as attempts to raise water tariffs. After all, the current tariffs in some cases do not even cover costs, that is, they do not ensure profitability. The cost of water supply is 0.67 hryvnias per cubic meter for the population and 1.4 hryvnias for budgetary organizations and institutions, water disposal – respectively 0.5 hryvnias and 0.96 hryvnias. At zero profitability, the cost of water disposal services for one cubic meter of wastewater should be 0.71 hryvnias. \n \nRumors about the possible privatization of "Lutskvodokanal" were also denied by representatives of the city authorities. Deputy Lutsk City Mayor Leonid KyryLchuk noted: market conditions require that the enterprise be profitable, otherwise "no investor will come here." "Unfortunately, our market is too distorted. When prices rise at the market, no one talks about it. But when water supply tariffs rise, they always raise a fuss. Meanwhile, in recent years electricity has grown almost twofold, and this accounts for 35% of total expenditures in the tariff structure," added the deputy city mayor.