Embasa submits US$678mn PAC II water projects

Thursday, September 8, 2011

Brazil's Bahia state water utility Embasa has requested funding of 1.12bn reais (US$678mn) for waterworks projects under phase II of the country's national growth acceleration plan (PAC), a company spokesperson told BNamericas.

If approved, the works will benefit 79 municipalities under PAC's group III category, which covers municipalities with up to 50,000 residents.

"Some 695mn reais in projects has been submitted to national health foundation Funasa and 426mn reais to the cities ministry," the spokesperson said.

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Embasa's plans include 44 sewerage works costing a total 820mn reais and 35 potable water projects worth 332mn reais. The cost will be covered by financing from the cities ministry, grants from Funasa and counterpart funds from the Bahia government.

Group III projects are set to receive some 5bn reais overall in PAC funding.

The cities ministry is providing 1bn reais, financed by federal savings bank Caixa Econômica Federal (CEF) and national development bank BNDES. Funasa will provide 4bn reais in grants.