Brazil’s Sanepar Invests $330 Million in Water Projects

Cia. de Saneamento do Parana will develop 659 million reais ($330 million) of water and waste-treatment projects with government financing, the southern Brazil water utility’s biggest investment in 50 years.

Sanepar, as the utility is known, will build 25 projects through 2016 including a 26-meter-high (85-foot) dam on the Miringuava River and three water reservoirs in Londrina, a spokeswoman said today in a telephone interview.

The Ministry of Cities is studying how much government financing will be committed to each project under its PAC 2 economic program, she said. Lenders including state-controlled Caixa Economica Federal and government-run Banco Nacional de Desenvolvimento Economico e Social may provide as much as 95 percent of project costs.

“We are making our biggest investment in 50 years to keep Parana in the forefront” of sanitation services in Brazil, Sanepar President Fernando Ghignone said in an April 2 statement.

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