Saneago to invest US$1.2bn in sanitation this year

- Wednesday, April 13, 2011

Saneago to invest US$1.2bn in sanitation this year

Brazil's Goiás state water utility Saneago plans to invest 1.9bn reais (US$1.2bn) in sanitation projects during 2011.

The budget will be used for 22 projects aimed at expanding potable water supply in 17 municipalities and 34 sewerage projects in 19 municipalities.

Of the total, 300mn reais in investments are well underway and another 700mn reais are available now, according to a company release.

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The available funds come from various sources, including the federal budget, the national growth acceleration plan (PAC), national development bank (BNDES), federally controlled savings bank Caixa Econômica Federal (CEF), the state treasury, and the utility's own funds.

This year, Saneago will also work on developing public-private partnerships (PPPs), primarily for sewerage projects.

PPPs worth 1.6bn reais are expected for the municipalities of Aparecida de Goiânia, Trindade, Anápolis, Jataí and Rio Verde, according to the release.