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Brazil's Ceará state government is awaiting the senate's approval of the US$300mn São José III water supply management project, the state government said in a release.
The senate's approval is necessary because the federal government will act as a guarantor to the loan that will be provided for the project by the World Bank's International Bank for Reconstruction and Development (IBRD), according to state agrarian development minister Nelson Martins.
"In September, we should be all set for the release of funds and the actual start of the project," Martins said.
Details regarding the project and its schedule were ironed out with the bank on Friday (Jan 28), the release said.
The project, put together by the state's agrarian development department (SDA) and other governmental entities, will be divided into two phases to be carried out over four years. Each phase contemplates US$100mn in World Bank financing and US$50mn from the state government.
To benefit some 100,000 people, the investments will strengthen Ceará's basic water infrastructure by building a system to supply rural communities and agriculture. The state expects to achieve universal water supply by 2014.