Rio starts Cedae concession

Rio starts Cedae concession

Economy & Policy M&A Project & Infrastructure Finance Brazil Regulation

The Rio de Janeiro began on Tuesday the public consultation process on a concession for the state-owned water company Cedae, aiming to carry out a deal by the end of the year. According to the deal designed by national development bank BNDES, the state government will divide Cedae into four units and auctions 35-year concessions for each in December, according to a securities filing. BNDES put the estimated investments in the four concessions at BRL33.5 billion ($6.84 billion) to extend sewage s

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