Salto sewage collection and treatment

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In December 1996 the local government of Salto, located in the Brazilian state of Sao Paulo, awarded a 20 year rehabilitate, operate and transfer contract for the collection and treatment of sewage in the municipality to private operator Sanesalto Saneamento SA. The contract covered an area with 35,000 households. Sanesalto Saneamento SA was a special purpose company, owned in 1996 by Globalbank Consulting (70%) and Saneciste Saneamento (30%, a subsidiary of Stengel and Saint Gobain). Investment commitments in the project were not known. In 2005 Saneasalto issued R$36mil (some $275,000) worth of debentures and added R$9mil ($69,000) in equity financing for the completion of sewage works in Salto. In 2012, the Brazilian company Conasa acquired 100% of Sanesalto's shares.