Paraibuna Water and Sewerage Services

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In December 2014, the South Korean company GS Inima (95%) and the Brazilian company Enorsul Saneamento (5%) were awarded the 30-year concession contract to expand, rehabilitate and operate the water and sewerage facilities of Paraibuna, located at the state of Sao Paulo. The contract was awarded by the municipality, and the investments were expected to benefit around 17,384 people. Only two companies took part in the bidding process: Consorcio GS Inima - Enorsul and Aegea Saneamento. The bidding criteria was a combination of technical and financial parameters. The contract was signed in June 2015, and the private sponsor took over the operations of the water and sewerage services in August 2015. The special purpose company CAEPA – Companhia de Agua e Esgoto de Paraibuna was set to lead the project. The total investment in the project was estimated at US$ 2.4 million (BRL 8 million) during the first three years of the project.