BRK Ambiental finances Recife PPP

BRK Ambiental finances Recife PPP

Loans Project & Infrastructure Finance Debt Economy & Policy Brazil

Brazil's BRK Ambiental has financed a waterworks PPP with a BRL578m ($156m) loan from the regional development bank Banco do Nordeste (BNB). The 20-year loan pays 140bp over the IPCA consumer price index and comes with a four-year grace period.  The water company said it will use the money to fund the second round of investments in a project to expand wastewater services in 15 municipalities in the greater Recife area. IDB Invest granted a BRL350m for the same project in December. BRK Ambient

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