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Venezuela's new state-owned waste management company Supra-Caracas will begin operating in the capital during the first few days of August, according to environment (Minamb) minister Alejandro Hitcher Marvaldi.
Creation of the new company was recently approved by President Hugo Chávez, the ministry said in a release. The new firm is completing legal procedures required before it can begin operating.
The company required an investment of 111mn bolívares (US$25.8mn) and will be managed jointly by Minamb and the governments of the capital district and city Libertador.
Supra-Caracas will be self-sustaining on fees it will charge for collecting and processing urban solid waste in Caracas.