Paraíba, CEF sign US$43mn financing contracts

April 30th, 2011

Brazil’s Paraíba state government and federally controlled savings bank Caixa Econômica Federal (CEF) have signed financing agreements worth 67.5mn reais (US$42.8mn) aimed at improving the state’s water supply and sanitation.

 

Work will take place in state capital João Pessoa and the surrounding municipalities of Bayeux, Cabedelo, Santa Rita and Conde. The state will spend 35.4mn reais to improve sanitation and 32.1mn reais on potable water, according to a state government release.

 

In terms of sanitation, a 33.4mn-real project that falls under phase II of the country’s growth acceleration plan (PAC) will take place in João Pessoa. Work involves building a sewerage network, pumping station and an outfall pipeline as well as installing 11,000 domestic connections,

 

Another 2.02mn reais has been earmarked for additional sanitation work in João Pessoa, Cabedelo, Bayeux and Conde (read more)

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