DMAE to Invest in Brazilian Water Projects

Brazil’s water utility DMAE is to invest R$519m ($332m) in waterworks projects in Porto Alegre, Brazil, by 2014.

DMAE director Flavio Ferreira Presser said that in 2011 the firm will invest $88m in water supply projects, wastewater collection and treatment services, and the renovation of the firm’s facilities, according to bnamericas.com.

For 2012, DMAE will invest a total of $88m, with $60m allocated to water supplies and sewerage service projects, and $29.5m to pay off financing.

The water utility has allocated a budget of $88.5m for 2013, which includes $34m for water supplies, $24.5m for sewerage services and $29.65m for financing.

For 2014, DMAE will invest $65m in water supplies, sewerage services and financing commitments.