April 23, 2019 |
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
BRK Ambiental gets $112m in local currency from IDB Invest