Copasa plans US$29mn Timóteo sewerage project

Monday, October 3, 2011

Southeastern Brazil's Minas Gerais state water utility Copasa (Bovespa: CSMG3) is planning a sewerage system expansion costing 55mn reais (US$29.2mn) in the city of Timóteo.

The investments are stipulated in Copasa's 30-year concession agreement, which was renewed on September 29, the company said in a release.

The plan entails building a wastewater treatment plant and installing 48.5km of interceptor pipelines, 21km of collector pipelines and new sewer main connections.

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The work, which will help preserve the region's Piracicaba and Doce rivers, should benefit 90,000 residents of Timóteo and the neighboring municipalities of Ipatinga, Coronel Fabriciano and Santana do Paraíso.

The four municipalities, which have a total population of some 451,000, make up a steel mining region in eastern Minas Gerais known as "Vale do Aço."