BNDES to Fund Brazilian State Water Project

Brazilian development bank BNDES is to provide $93m to Ceara state water utility Cagece to carry out water projects.

Out of the fund, R$127m ($75m) will be invested in phase II of the Agua Oeste potable water plant in the city of Caucaia.

The plant will produce up to 5m³ of water per second, which will be supplied to the metropolitan area of state capital Fortaleza.

The remaining R$28m ($16.5m) will be used for potable water networks in the state’s Ibiapaba and Sertao regions, serving the municipalities of Tiangua, Viçosa, Mucambo, Pacuja and Graça, according to waterworld.com.

Cagece plans to reach 70% potable water coverage and 45% sewage collection services by 2012.