ANNOUNCEMENT 19 Jul 2018
The National Bank for Economic and Social Development (i.e. BNDES by the acronym in Portuguese) approved a loan of over USD 12 million to Companhia Riograndense de Saneamento (Corsan).
NUMBER OF INTERVENTIONS
Brazilian National Development Bank. Banco Nacional de Desenvolvimento Econômico e Social. Press release. "BNDES aprova R$ 48,5 milhões para projeto de saneamento básico no Rio Grande do Sul" of 19 July 2018. Available at: https://www.bndes.gov.br/wps/portal/site/home/imprensa/noticias/conteudo/bndes-aprova-r%24-48%2C5-milhoes-para-projeto-de-saneamento-basico-no-rio-grande-do-sul/!ut/p/z1/tVVdc9owEPwtnanfKnTY8lffXGIggYRpE0LwCyPbwlaKJUcW0P77CspM06Y46VD8opHutLta6044wQ84EXTDC6q5FHRl5vPEW4zDUTwkExiDe0cgunB8MvVjGAU2nu0T4MgXAU6O7yd9wPc4wUkmdK1LPE9FzpoFF43mep3tFVhQyopZwKtaMdFQC4TUPOO0sSCTQrN1Li3Yb0S0VnJDkXqPSPDBRRVfldIs11RRZEKPTEuUM9RQwWjFhJmltOGZREIixSUqFDU4KJeoWa92uuqM53huE-rYABSlOUkR8WiAAtsGlJPMhbDrUZ8FBx9aDpq8xceWhKTd5tlO73OEyaUTQzTsjV0Sj7qD0DkktP2q3xEGF2MborHbh_7nm0Ec2XhuRPrHD9nFsw1nWzwVUlXm8tz-8tD3IIQsz5HXJYAIUBuFrpcjf0kpsU3Uy1I8hBcMt58cw-BfuuNBCEPbP5Gh_QD33nnh3fPCn2rO1Wu1apoBf3x6SiJTsbvS-6bxwz-V7I6iWMn0Z2OJROoEBU4UWzLFVGetzHKpdd18tMCC7Xbb2aN3CrnppMqs1Kboa6n0jqPhmr1k-htuKRsj9E-4djdHgXPczTc1hHb4iX1eePe88P5Z4Qk5Ef7qtW578k0-9-NjBNrqundtrnFNdYm4WMqDxP_MVFfTKnC-c_T1S7C9W5ZFtbiOHfcwrDbVLNC7QNVLnw-zoIne_QCpbR5k/dz/d5/L2dBISEvZ0FBIS9nQSEh/
On 19 July 2018, the BNDES announced the approval of a loan of BRL 48.5 million (circa USD 12.5 million at the time of the announcement) allocated to Companhia Riograndense de Saneamento (Corsan), a Brazilian water sanitation company. The objective of these resources is to implement the sewage system in the municipality of São Luiz Gonzaga and to expand the water supply of the municipality of Panambi.
In the case of Panambi, a total of BRL 27.3 million (USD 7 million) will be invested to renovate the pipelines and elevators of the treatment plants, as well as creating two new reservoirs.
As for the project in São Luiz Gonzaga, the city lacks a sewage system and the purpose of the project is to construct the required treatment plant and collecting networks.