Copasa planning US$6.3mn waterworks in Ferros

Tuesday, June 14, 2011

Southeastern Brazil's Minas Gerais state water utility Copasa (Bovespa: CSMG3) is planning a 10mn-real (US$6.32mn) water and sewerage project for the town of Ferros.

Besides improving water supply, the project aims to begin collecting wastewater that is currently dumped into the region's Santo Antônio river, local news service Defato Online reported.

Copasa's concession contract with Ferros expired in 2004. However, the company has been given until 2014 to meet contractual obligations, which include providing at least 60% of residents with sewerage services.

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With work including construction of two wastewater treatment plants, the company intends to reach 85% wastewater collection and treatment, the report said.