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Brazil's Rio Grande do Sul water utility Corsan is working on signing a new contract with the city of Cachoeira do Sul to provide better potable water supply and sewerage services, the utility said in a release.
"We are working together with the city hall to establish a new service model which contemplates more than 160mn reais [US$93.8mn] in sanitation investments," said company president Arnaldo Dutra.
Regarding reports that a local court decision found the utility's 2004 concession contract to be illegal, Corsan has yet to be officially notified of the matter, according to the release.
The company intends to sign a new contract that complies with all the regulations of Brazil's national sanitation law. The plan is supported by mayor Sérgio Ghignatti, Dutra said.