Nova Friburgo Water Company

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In 1999, Multiservice was granted a 25-year concession to rehabilitate, expand and operate the water and sewerage services of Nova Friburgo. The concessionaire was responsible for potable water provision and collection and treatment of sewerage for the city, attending a population of 175,000 in the State of Rio de Janeiro. The concession included the operation of the existing system as well as building, financing and operating the expansion and improvement to the system as agreed in the contract. Concessionaria de Aguas e Esgotos de Nova Friburgo (CAENF) was a fully-owned subsidiary of Earth Tech Brasil (former Multiservice), a company of Tyco Group. CAENF was expected to invest a total of US$83.1 million (139.9 million reais), of which about US$60 million was to be invested in the first five years of the concession. CAENF started operating the system in July 1999 and the construction works started in September 1999. The annual investments undertaken by Nova Friburgo water company, were: 1999 – US$ 6.7 million (R$ 12.2 million) 2000 – US$ 11.7 million (R$ 22.9 million) 2001 – US$ 1.8 million (R$4 million) None