Rousseff announces US$2bn PAC sanitation investments

- Thursday, December 22, 2011

Rousseff announces US$2bn PAC sanitation investments

Brazil's President Dilma Rousseff has announced 3.7bn reais (US$1.99bn) in federal investments for basic sanitation works under phase II of the country's growth acceleration plan (PAC).

Some 1,114 potable water supply and sewage collection and treatment projects will be carried out in 1,116 municipalities that fall under the group III category, being those with 50,000 residents or less, federal news service agency Agência Brasil reported.

The federal government has set aside a total 5bn reais for PAC's group III projects.

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Some 1bn reais is coming from the cities ministry, financed by federal savings bank Caixa Econômica Federal (CEF) and national development bank BNDES, while national health foundation Funasa is providing 4bn reais in grants.

Overall, 45.1bn reais has been earmarked for basic sanitation projects under PAC phase II which runs from 2011-14.