Sabesp unveils investment plan
- From: Vol 3, Issue 4 (April 2002)
- Category: General
- Region: Americas
- Country: Brazil
- Related Companies: Sabesp
São Paulo state water company Sabesp has announced a plan to invest R$2.77 billion (US$1.2 billion) in the period 2002-2006, the most part from its cash flow which is expected to be maintained at around R$3.5 billion a year (US$1.5 billion a year).
Between 1995 and 2001, Sabesp invested a total of R$5.35 billion (US$2.3 billion).
Around 60% of the investment planned for 2002-2006 will be used for sewage collection and treatment, said company president Ariovaldo Carmignani.
In 2002, just R$583 million (US$250 million) will be invested, down from R$719 million (US$310 million) in 2001 ...
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