OAS seeks waterworks financing for US$1.6bn portfolio

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Friday, October 24, 2014

Seeking financing, Brazilian environmental solutions company OAS Soluções Ambientais of the OAS group is presenting a project portfolio of some 4bn reais (US$1.6bn) to the country's Amazonian development authority Sudam, BNamericas was told.

"This year, we have 1.5bn reais available through our Amazon development fund FDA. It can be used for basic water and sanitation and other infrastructure projects related to public services," a Sudam spokesman said.

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Sudam finances 40-60% of a project and requires the borrower to contribute 20%.

OAS Soluções Ambientais has three main business units. One is Sagua, which provides wastewater management services for the city of Guarulhos through a 30-year public-private partnership (PPP) with local water utility Saae.

Another is Samar, which holds a 30-year water and sewerage concession for São Paulo state's Araçatuba city. The third is Epasa, which provides water in Lima, Peru.

OAS Soluções Ambientais wants to increase its annual revenue to 700mn reais in 2017 from 60mn reais in 2013, BNamericas reported in September.