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Public utility Empresas Públicas de Medellín (EPM) pledged 550bn pesos (US$183mn) to optimize the water and sewerage systems of the city of Rionegro, in Antioquía department.
The announcement came after the acquisition of 100% of the shares of local water operator, EP Rionegro.
EPM said it would invest 315bn pesos until December 2019. Of that amount, 225bn pesos would flow to the capitalization of EP Rionegro, a press release from the utility said.
Other investments include 140bn pesos to connect Rionegro's main aqueduct with the La Fe water reservoir, and the installation of a wastewater treatment plant before 2021 to serve the city's urban areas.
EPM expects to expand its services to over 30,000 clients of Rionegro with these investments. EP Rionegro, however, will keep operating as a subsidiary of the Medellín utility.