Sanepar: a way forward for Brazilian privatisation
- From: Vol 3, Issue 2 (February 2002)
- Category: General
- Region: Americas
- Country: Brazil
- Related Companies: Andrade Gutierrez and Veolia Environnement (formerly Vivendi Environnement)
Paraná state water company Sanepar has struck a novel deal with its main client – Curitiba city council – which could pave the way for other Brazilian states keen to sell off basic sanitation concessions. The mayor of Curitiba, Casio Taniguchi, signed a 30-year service concession contract with Sanepar, which is partially owned by Vivendi, at the end of 2001.
The long-term contract has allowed Sanepar to more easily leverage finance abroad by guaranteeing the company’s main market. Curitiba accounts for around 30% of Sanepar’s billing.
Sanepar will pay the municipality R$125 million (US$54 million) over the 30-year period and take on a number of service provision benchmarks. These include maintaining water supplies to 100% of ...
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