550 000 km? wow. (i assume you meant 55000 km )
i don't have any experience with tdi's but here is what i know about that belt and the 20v 1.8T engine.
generally the waterpump is not replaced until it breaks (but vag might say otherwise). usually the belt is replaced when the pump is being replaced (you are already in the same place so might as well do it)
the belt itself is usually replaced around every 100 000 km or so or when it shows signs of wear.
the labor involved with replacing the belt is usually about $100 usd +- $40 at most service stations (not dealer, but independent mechanic) and the belt itself is around $30 or so (depends on where you get it)
if you do need to replace the waterpump there are a range of aftermarket alternatives that are much cheaper than getting it from the dealer.
doing the work yourself (if you have the tools and place to do it) is also pretty straightforward. just get a book that walks you through it (bentley books are the best)
also i recommend asking on
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in the tdi forum.there are quite a few guys there that know the engines very well.