Saneago eyeing US$746mn in federal government funds

- Friday, May 20, 2011

Saneago eyeing US$746mn in federal government funds

Brazil's Goiás state water utility Saneago is looking for some 1.2bn reais (US$746mn) in public grants from the federal government, a Saneago spokesperson told BNamericas.

"If the funds are approved, we intend to invest the entire amount in waterworks by the end of 2011," the spokesperson said.

Projects have been submitted for evaluation and funds are being requested from the planning and cities ministries.

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The bulk of the investment will go towards potable water works in Aparecida and the state's largest city, Anápolis, according to the official.

The utility aims to achieve universal potable water supply by 2012. Coverage is currently at 100% in the state capital and 88% statewide.

Saneago serves 225 municipalities throughout the state.