Cities ministry shortlists US$263mn Ceará water projects

- Monday, October 3, 2011

Cities ministry shortlists US$263mn Ceará water projects

Brazil's cities ministry has shortlisted water projects worth 493mn reais (US$263mn) in Ceará state for funding eligibility under the PAC growth acceleration program, a spokesperson for state utility Cagece told BNamericas.

"Some 352mn reais in sewerage projects and 141mn reais in water supply projects are being considered," the spokesperson said.

Ceará plans to build sewerage systems in 22 municipalities and 27 water supply systems in 24 municipalities.

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The projects are up for funding consideration under PAC's group III category, which covers municipalities with up to 50,000 residents. A total of 5bn reais has been earmarked for projects in this group, and the results of funding requests are due to be announced on November 4.

Some 1bn reais of the funds are coming from the cities ministry, financed by federal savings bank Caixa Econômica Federal (CEF) and national development bank BNDES. Funasa will provide 4bn reais in grants.