Copasa to invest US$100mn in Divinópolis

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Friday, June 3, 2011

Brazil's Minas Gerais state utility Copasa (Bovespa: CSMG3) is planning to invest some 160mn reais (US$101mn) to expand water and sewerage services and clean up rivers in the city of Divinópolis.

Of the total, approximately 140mn reais will be used to improve sewerage services as part of Copasa's efforts to clean up the Pará and Itapecerica rivers, the company said in a release.

Work will include building three wastewater treatment plants, 40 wastewater pumping stations, and 87km of pipeline.

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The remaining amount will cover works to improve potable water supply, the release said.

Copasa renewed its sanitation concession with Divinópolis on June 2, news service Agência Estado reported. The utility will provide potable water, sewerage and wastewater treatment services in the city over the next 30 years.