Cuiabá to vote on US$18mn financing for water supply

- Thursday, March 10, 2011

Cuiabá to vote on US$18mn financing for water supply

Brazil's Mato Grosso state capital Cuiabá will take a vote by mid-April on whether to provide some 30mn reais (US$18.1mn) for city water utility Sanecap.

The utility aims to achieve universal potable water supply in the city by securing investments for neighborhoods that currently lack the service, according to a Sanecap release.

The project will cover 31 neighborhoods; 17 in the east district and 14 in the north. Work will also involve installing around 6,750 water meters.

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The initiative is being developed by city council president Júlio Pinheiro, Sanecap CFO Frederico Campos and company president Antônio Carlos Ventura Ribeiro.

With a total population of some 551,000, Cuiabá will be one of the host cities for the 2014 World Cup.