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Compesa Signs $2.3 Billion Sewer Partnership for Brazil’s North

Feb. 20 (Bloomberg) -- Cia. Pernambucana de Saneamento, a Brazilian water utility, signed a 4.5 billion-real ($2.3 billion) agreement to expand sewer coverage in 15 communities around the northeastern city of Recife.

Foz do Brasil SA, Odebrecht SA and Lidermac Construcoes & Equipamentos Ltda. will invest 3.5 billion reais expanding sanitation services under the public-private partnership, according to Compesa, as the company is known. Compesa and the Pernambuco state government will furnish the remaining funds.

The project will boost sewer coverage in the region to 90 percent in 12 years from 30 percent now, Compesa said in the Feb. 15 statement. About 9,000 kilometers (5,600 miles) of sewer pipes are being built to benefit 3.7 million residents.

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

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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