malaymail.com 01 May, 2021 02:00 am

Brazil auctions Rio water concession for US$4b in win for Bolsonaro

Brazil auctions Rio water concession for US$4b in win for Bolsonaro
SAO PAULO, May 1 — Brazil raked in a larger-than-expected US$4 billion (RM16.38 billion) yesterday auctioning the operating rights to the Rio de Janeiro water and sewer system, a win for President Jair Bolsonaro and his privatisation agenda. The far-right leader attended the auction in Sao Paulo,...

In all, Cedae serves 13 million people, including the greater metropolitan area.7 million people, Brazil’s second-largest city after Sao Paulo.Around 35 million of Brazil’s 212 million people do not have access to potable water, and 100 million — half the country — are not connected to sewage infrastructure.SAO PAULO, May 1 — Brazil raked in a larger-than-expected US$4 billion (RM16.

The far-right leader attended the auction in Sao Paulo, which garnered 22.Congress passed a law last June making it easier for private firms to participate in water and sanitation projects, aiming to bring potable water and sewage service to the full population by 2033.

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