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Odebrecht, Camargo, Andrade to Build Belo Monte, Estado Says

Brazil’s three largest construction companies will sign an agreement with the country’s government next week to build 50 percent of the Belo Monte hydroelectric dam project in the Amazon, O Estado de Sao Paulo reported.

Odebrecht SA, Camargo Correa SA and Andrade Gutierrez SA, and eight other builders may sign a pre-agreement Aug. 26, the newspaper said. The cost of the project has been cut to 15 billion reais ($8.5 billion) from 19 billion reais, the Sao Paulo-based newspaper said without citing anyone.