Cagece to get BNDES funds for US$93mn water supply projects

- Monday, January 10, 2011

Cagece to get BNDES funds for US$93mn water supply projects

Brazil's Ceara state water utility Cagece is to receive financing from national development bank BNDES for potable water projects costing 156mn reais (US$93mn), paper O Povo reported.

Approximately 127mn reais will go towards phase II of the Agua Oeste potable water plant in the city of Caucaia, which will supply the metropolitan area surrounding state capital Fortaleza.

The plant will produce up to 5m3/s of potable water, the highest flow rate of any water treatment plant in the Fortaleza area.

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The remaining 28mn reais will be used for potable water networks in the state's Ibiapaba and Sertao regions, serving the municipalities of Tiangua, Viçosa, Mucambo, Pacuja and Graça.

This is the first time BNDES has financed Cagece sanitation projects, according to the report.

Ceara state, located in northeastern Brazil, has 65% potable water coverage and 42% wastewater collection coverage. In the state capital, the figures are 98.4% and 53.5% respectively.

Cagece plans to reach 70% potable water and 45% sewage collection services by 2012.