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International financial support is crucial for Brazil's construction projects, especially in the basic water and sanitation sector, José João Fonseca, president of local water utility Águas Guariroba, told BNamericas.
"While our holding company Aegea regularly turns to local institutions such as national development bank BNDES and federal savings bank Caixa , it is also receives financial support from major international financiers, including the World Bank's International Finance Corporation (IFC) and the Government of Singapore Investment Corporation," Fonseca said.
As large scale investment is continuously needed in waterworks projects, diversifying funding sources is a key part of our strategic plan, according to the executive.
The performance expectations of international investors are high. This reflects positively on the work carried out by water utilities, which benefits users and improves services, he added.
The development bank accounts for some 23% of the value of the country's infrastructure projects.