São Paulo state to receive US$87mn in federal funds for sewerage works

- Tuesday, November 29, 2011

São Paulo state to receive US$87mn in federal funds for sewerage works

Southeastern Brazil's São Paulo state will receive 160mn reais (US$86.9mn) in federal funding for 24 sewerage projects under the country's PAC growth acceleration plan, a cities ministry spokesperson told BNamericas.

"A total of 15 projects costing 113mn reais will be carried out by state water utility Sabesp [Bovespa: SBSP3, NYSE: SBS]. The work will benefit 15 municipalities," the spokesperson said.

The town of Agudos will receive 26.7mn reais to expand its sewerage system. Sabesp will install 9.54km of pipeline, four pumping stations and a wastewater treatment plant.

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Another 46.7mn reais is available for nine projects in seven towns that lie outside of Sabesp's coverage area and will be carried out by the state, according to the official.

The town of Cordeirópolis has been allocated 5mn reais to build a municipal sewerage system. Work includes installing 5.5km of pipeline, a pumping station and a wastewater treatment plant.

The funds were assigned under PAC's group III category, which covers municipalities with up to 50,000 residents. Financing will be disbursed by national savings bank Caixa Econômica Federal (CEF) and national development bank BNDES.