Brazil's Aegea wins US$1bn Ceará sanitation auction

Bnamericas Published: Tuesday, September 27, 2022
Brazil's Aegea wins US$1bn Ceará sanitation auction

Brazilian sanitation firm Aegea Saneamento won Ceará state’s sewage services PPP contract, which is expected to generate investments of 6.2bn reais (US$1.15bn).

State water utility Cagece will be the partner and the contract involves works in 24 municipalities divided into two blocks. 

The first block comprises 17 municipalities and capex of 2.68bn reais, while the second block involves 3.54bn reais – 2.54bn reais in state capital Fortaleza alone.

For the first block, Aegea offered a discount of 27.9% on the fee the state pays for the services, defeating Iguá Saneamento’s offer. For the second block, it offered a discount of 37.6%, again defeating Iguá Saneamento and a consortium comprising GS Inima, Marquise and PB Construções.

Aegea is consolidating its position as the largest private sanitation company in a sector still dominated by state firms.

The auction was the first big one this year. Some sanitation PPPs and concessions were auctioned in 2021 after a change in regulation in 2020. Under the new rules, utilities must provide full sanitation services in their operating areas by 2033 and local authorities must show they have the financial capacity to achieve their sanitation plans.

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