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Aguas do Sertao Water Supply Improvement

Sector: Water Supply and Storage • Location: Brazil

Source: World Bank Group

Project
Active

"This project focuses on expanding and improving the water supply system in the Sertão Agreste region of Alagoas state, Brazil. The Brazilian water and sanitation company Águas do Sertão, controlled by Conasa, has successfully secured $222.07 million (R$1.1 billion). These funds will be used to expand the water supply network and\ to achieve 100% water coverage by 2027 and increase sewage coverage

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Project Information

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The project “Aguas do Sertao Water Supply Improvement” is an infrastructure initiative in the Water Supply and Storage sector, located in Brazil. Taiyo aggregates data on it from World Bank Group.

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Description

Description

"This project focuses on expanding and improving the water supply system in the Sertão Agreste region of Alagoas state, Brazil. The Brazilian water and sanitation company Águas do Sertão, controlled by Conasa, has successfully secured $222.07 million (R$1.1 billion). These funds will be used to expand the water supply network and\ to achieve 100% water coverage by 2027 and increase sewage coverage from 12% to 90% by 2033. The debenture issue, rated AA- by Moody's and Fitch, has a 20-year term. The debenture issuance was coordinated by BTG Pactual (lead coordinator), Banco Santander, and Itaú BBA. The financial close date is February 9th, 2024." https://x.realfin.com/transaction/254909/aguas-do-sertao-debenture-2024 ; https://www.fitchratings.com/research/pt/infrastructure-project-finance/fitch-assigns-rating-aa-bra-to-2nd-debenture-issuance-of-aguas-do-sertao-outlook-stable-09-02-2024 ; https://www.aguasdeitapema.com.br/comunicacao/noticias/detalhes/aguas-do-sertao-conclui-captacao-de-11-bilhao-de-debentures

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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