Brookfield water biz borrows in Brazil

Brookfield water biz borrows in Brazil

Loans Project & Infrastructure Finance Brazil

BRK Ambiental, a Brazilian water company owned by Canada's Brookfield, has received a 20-year, BRL442m ($112m) loan from IDB Invest. The company will use the local-currency loan for a BRL1.7bn water supply project in the Recife metropolitan area, IDB Invest said in a press release. The loan is the first time that IDB Invest has financed a water or sanitation project in Brazil, it said. IDB Invest had approved a BRL350m loan for the project in December last year. BRK has also received financin

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