The main objective of this contribution is the universalization of water and sewage services throughout the State of São Paulo
The São Paulo State Basic Sanitation Company, known as , revealed a R$15 billion plan for the next two years. The main objective of this contribution is the universalization of water and sewage services throughout the State of São Paulo. This amount is part of a total investment of approximately R$69 billion that will be made until 2029, with the goal of benefiting around 10 million people in 375 municipalities.
The official announcement of the investment will be made by Sabesp’s CEO, Carlos Piani, at an event at the Sewage Treatment Station located in the Parque Novo Mundo neighborhood, in São Paulo. The event will be attended by the governor and the Secretary of Environment, Infrastructure and Logistics, Natália Resende, who will monitor the announcement of the new initiatives.
Recently, Sabesp went through a privatization process, which took place in July this year. During this process, the state government put its 32% stake in the company up for sale, with the price set at R$67 per share. Equatorial, one of the companies that participated in the auction, acquired 15% of the state-owned company, becoming a reference shareholder in the company.
*Report produced with the help of AI
Posted by Luisa dos Santos
