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Brazil's Minas Gerais water utility Copasa (Bovespa: CSMG3) has planned some 52mn reais (US$33mn) in investments to improve basic sanitation services in Cataguases city and the surrounding areas, the utility said in a release.
The investments fall under a Copasa's new service concession for the city, signed on Saturday (Jul 9) by state secretary Danilo de Castro, mayor William Lobo de Almeida and Copasa president Ricardo Simões .
Under the 30-year agreement, Copasa will continue to provide potable water and sewerage services in Cataguases and the neighboring town of Serano. The new contract also adds the neighboring municipalities of Vista Alegre, Aracate, Cataguarino, and Glória to its coverage area.
The company's investment will cover construction of catchment systems as well as the treatment, storage and distribution of potable water.
Copasa also plans to build wastewater collector and interceptor pipelines, along with a wastewater treatment plant, according to the release.