Brazil's OAS aims to boost revenue 11-fold by 2017

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Monday, September 15, 2014

Brazilian sanitation company OAS Soluções Ambientais, a subsidiary of local construction company OAS, is seeking to increase its annual revenue to 700mn reais (US$299mn) in 2017 from 60mn reais in 2013.

The company plans to compete for five waterworks concessions in four states, local paper Valor Econômico reported.

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Revenue is expected to reach 90mn reais this year, according to managing director Louzival Mascarenhas.

The largest concession, budgeted at some 3.7mn reais, would serve 2mn people in Pará state capital Belém and three neighboring cities.

The other four PPP concessions, valued at 1.5bn reais, are for works in the cities of Vila Velha (Espirito Santo state), Montes Claros (Minas Gerais), Sete Lagoas (Minas Gerais) and Catanduva (São Paulo).

OAS CONCESSIONS

The company was awarded two, 30-year waterworks concessions in São Paulo state in 2013: one for waterworks in Guarulhos city (1.1bn reais) and the other in Araçatuba city (370mn reais).

Mascarenhas is pushing for more waterworks PPPs and sub-concessions to increase OAS's coverage area.

Brazil currently has 66 waterworks PPPs, according to national water and sewerage concessionaires association Abcon, as cited by Valor Econômico.