Breaking News

Citigroup to Take Pretax Settlement Charge of About $3.8B in Second Quarter
Tweet TWEET

Caern Proposes $361 Million of Brazil Water Projects Under Plan

Cia. de Aguas e Esgotos do Rio Grande do Norte, the Brazilian water utility known as Caern, has proposed 734 million reais ($361 million) of water projects in Natal under the nation’s PAC-2 growth acceleration plan.

The company plans to invest 503 million reais in sewer upgrades in the northeastern city, Caern said in a statement. The rest will be spent expanding water supplies and boosting the efficiency of the Jiqui water treatment plant.

The Ministry of Cities is expected to select what projects will be pursued under the PAC-2 proposals next month, the Natal- based company said in a statement.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.