Cagece to invest US$674mn in sanitation up to 2014

- Tuesday, February 1, 2011

Cagece to invest US$674mn in sanitation up to 2014

Brazil's Ceará state utility Cagece will invest some 1.12bn reais (US$674mn) up to 2014 to improve water supply and sewerage services in the northeastern state, the company said in a release.

The firm will spend 400mn reais in 2011, with projects taking place in state capital Fortaleza as well as rural municipalities.

In Fortaleza, work will take place in neighborhoods within the Cocó and Siqueira river basins as well as Vila do Mar, Rio Maranguapinho, Titanzinho and São Cristóvão.

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In rural areas, sewerage projects will be carried out in 15 municipalities, while potable water works will take place in 14 municipalities and the Ibiapaba area.

Funding will come from federal programs such as the Alvorada social development plan, sanitation programs Pró-Saneamento III and Saneamento para Todos II, and the national growth acceleration plan (PAC).

Additional funds will be provided under the KFW II state sanitation program, financed by German banking group KfW.