Odebrecht Ambiental Sumare

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In November 2014, the Brazilian company Odebrecht Ambiental was awarded the 30-year concession contract to expand, rehabilitate and operate the water and sewerage facilities of Sumare, located at the state of Sao Paulo. The contract was awarded by the municipality, and the investments were expected to benefit around 241,311 people. The sponsor was awarded the contract by offering the highest payment for the concession rights (US$ 38.7 million or BRL 91 million, 13.75% above the minimum set by the authorities). Besides Odebrecht, only the Brazilian company Aegea took part in the bidding process. The contract was signed in December 2014, and the private sponsor took over the operations of the water and sewerage services in June 2015. The special purpose company Odebrecht Ambiental Sumare was set to lead the project. The total investment in the project was estimated at US$ 148.9 million (BRL 350 million).