Pará requests US$48mn for potable water projects

- Monday, September 12, 2011

Pará requests US$48mn for potable water projects

Northern Brazil's Pará state urban and regional development department (Sedurb) has requested 81mn reais (US$47.8mn) from the cities ministry for work to improve potable water supply, Carlos Gustavo Martins, projects manager for state water utility Cosanpa, told BNamericas.

Planned works include building a potable water distribution system along Augusto Montenegro avenue in state capital Belém. The system will divided into three reservation and distribution sectors.

The state government requested the funding under group III of the PAC II national growth acceleration plan, which covers municipalities with up to 50,000 residents.

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"Cosanpa has not requested funding itself as federal resources can only be redeemed by the state government," Martins said.

If the funds are approved, the state will allocate an additional 10% in counterpart funding, the executive added.

Group III projects are set to receive some 5bn reais overall under the PAC II program.

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