January 14, 2019 |
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 Ambiental
Brookfield-owned water company secures a $156m loan from BNB