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The failure of the privatisation project has, since at least 1996,
been blamed on political opponents and investor nervousness,
triggered by the ambiguity of structural aspects of the
privatisation process. Another cancellation of the sell-off would do
enormous damage to the country. Growing demand and the inadequacy of
services at competitive prices, as well as the need to simplify the
regulatory framework, have made it necessary to propose new legal
reforms
