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Brazil Group Approves $237 Billion of Water Investments

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June 12 (Bloomberg) -- Brazil’s national cities council, an advisory group created by the government, approved a 508.5 billion-real ($237 billion) sanitation plan aimed at boosting water-supply and sewage-treatment infrastructure investments.

The goal is to provide potable water supplies to all urban areas of Brazil over the next 10 years, the Ministry of Cities said on its website. Another target is to supply sewage services to 93 percent of the urban areas within 20 years.

About 10 billion to 12 billion reais is expected to be invested a year through 2030, the ministry said June 7 on its website. About 298 billion reais will be furnished by federal agencies.

The national council includes representatives from academic institutions, religious groups and businesses, a spokeswoman for the Ministry of Cities who declined to be named because of organization policy said today by phone.

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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