Sao Paulo municipality reduces scope of waste PPP
The Municipality of São Bernardo do Campo, in the state of São Paulo has reduced the scope of its public-private partnership contract (PPP) in the solid waste sector. The project had been signed in June 2012.
The object of the concession is solid waste management, urban cleaning services and construction and operation of a waste-to-energy plant.
The value of the contract was estimated at BRL4.2 billion (US$1.2 billion), under the 30-year agreement.
According to sources, the reduction in the scope of responsibilities of the SPV in charge of the project, SBC Valuation Waste SA (formed by Lara Central Waste Treatment Ltda. and Revita Engenharia SA), is due to the current bad financial situation of the municipality.
The monthly payment was reduced by 21.56%.
Country news
-
-
June 20, 2016
Barbacena starts public consultation of street lighting PPP
The Municipality of Barbacena in Minas Gerais (Brazil), has launched a public consultation for a street lighting public private partnership (PPP) project. Read more -
June 17, 2016
OPIC announces financing for several projects
These private sector-led development projects will invest in Sub-Saharan Africa, Ukraine, the Middle East, and South America, in a variety of sectors to include healthcare, financial services, clean energy and infrastructure. Read more -
June 17, 2016
Taubate signs water treatment PPP
The municipality of Taubate in Sao Paulo (Brazil) and Ecotaubaté Ambiental S/A have achieved commercial closure for the development of a water treatment system though the public private partnership (PPP) model. Read more -
June 13, 2016
Brazil changes rules to attract investors to airport tenders
The National Civil Aviation Agency of Brazil (ANAC), which is responsible for the regulation and safety of civil aviation, has plans to change the tender model to attract investors to airport concessions. Read more -
June 13, 2016
Sao Paulo hires IFC for road program
The government of the state of São Paulo, Brazil, has hired the International Finance Corporation (IFC), a member of the World Bank, to support its road program. Read more
