Brazil's São Paulo state water utility Sabesp (Bovespa: SBSP3, NYSE: SBS) has planned 257mn reais (US$155mn) in investments to improve sanitation services in the metropolitan area surrounding Itapecerica da Serra, a company spokesperson told BNamericas.
"With the city council's approval of a 30-year basic sanitation concession contract with Sabesp, we've mapped out 166mn reais in water supply and sewerage service projects," the spokesperson said.
Sabesp will invest 43.7mn reais up to 2012 and another 53.5mn reais until 2016. Another 35.4mn reais will be invested from 2017-2020 and 33.3mn reais from 2021-2039.
The utility has also developed a 91mn-real investment plan that will go towards integrated water and sewerage systems in the city and its surrounding areas.
The Itapecerica da Serra government will spend an additional 14mn reais in related works, with 8mn reais going towards construction of a sanitary landfill and 6mn reais for urbanization, the spokesperson said.
Itapecerica da Serra has a population of 162,000 and is located in the São Paulo metropolitan region.