Cesan submits US$30mn PAC waterworks projects to cities ministry

- Tuesday, August 9, 2011

Cesan submits US$30mn PAC waterworks projects to cities ministry

Brazil's Espírito Santo state water company Cesan has submitted 49.6mn reais (US$30.4mn) in waterworks projects to the cities ministry for consideration under group III of the second phase of the country's growth acceleration plan (PAC), a company spokesperson told BNamericas.

"Three sewerage initiatives valued at a total of 45mn reais and two potable water supply initiatives worth 4.6mn reais were submitted," the spokesperson said.

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For sewerage projects, the municipalities of Ibatiba, Boa Esperança and Atílio Vivácqua have been earmarked 16.4mn reais, 16mn reais and 12.5mn reais, respectively.

While the Atílio Vivácqua and Ibatiba initiatives entail financing from federal savings bank Caixa Econômica Federal (CEF), work in Boa Esperança will be funded by a loan from national development bank BNDES.

In terms of water supply, a 2.5mn-real CAF-financed project is planned for Atílio Vivácqua and a 2.1mn-real BNDES-financed initiative for the town of Lúna.

PAC II SANITATION - GROUP III

PAC's group III category covers municipalities with up to 50,000 residents. A pre-selection of the proposals is due to take place on August 26 and the results of the selection process are scheduled for November 4.

Group III funds coming from the cities ministry are financed by CEF and BNDES. Potable water supply projects require a 10'% counterpart investment and sewerage projects a 5% investment.

Grants are also provided by national health foundation Funasa.